$2,200,000 USD
914-584-7422
264 Brooklyn Ave
Brooklyn, NY 11213
Crown Heights
HIGHLIGHTS
- Fully Free Market: The property has no history of rent regulation.
- Cashflow + Upside: Currently grossing $157K+ 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 + investment income
- Proximity to Subway: Located within 4 blocks of the 2, 3, and 5 trains, with access to Downtown Brooklyn and Union Square within 20-30 minutes
- Protected Tax Class: 2A tax class limits tax increases to no more than 8% a year or 30% over 5 years
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$688 USD /SF
# OF UNITS
4
PRICE/UNIT
$550,000
CAP RATE
Request Cap Rate
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Free Market 4-Family Townhome | Owner-User
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,000 SF
ZONING
R6
APN/PARCEL ID
01256-0042
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914-584-7422
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914-584-7422
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