$3,000,000 USD
914-584-7422
222 Monroe St
Brooklyn, NY 11216
Bedford-Stuyvesant
HIGHLIGHTS
- Fully Free Market: following substantial rehabilitation completed in 2017, with an approved Order and Determination
- Cashflow + Upside: Currently grossing $250K+ per year, with upside ready to be unlocked as apartments renew or are re-leased at market rate
- High End Finishes: Fully renovated with high end finishes, separate utilities, individual heating and cooling (split units), recessed lighting, etc
- Owner-User Opportunity: building/neighborhood/architecture lend well to an owner/user/investor living in one or more of the units + rental income
- Neighborhood Amenities: Key Foods supermarket is directly across the street, countless other retail and dining options along neighboring Nostrand Ave
- Protected Tax Class: 2B tax class limits tax increases to no more than 8% a year or 30% over 5 years.
FOR SALE DETAILS
PRICE
$3,000,000 USD
PRICE/SF
$625 USD /SF
# OF UNITS
7
PRICE/UNIT
$428,571
CAP RATE
6.46%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Free Market 7-Family
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1905
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.04 AC
LAND SF
1,600 SF
ZONING
R6A
APN/PARCEL ID
01818-0004
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
914-584-7422
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
914-584-7422
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
