Investment Property Realty Group, LLC is excited to present the offering memorandum for 372 St. Johns Place in the vibrant neighborhood of Prospect Heights, Brooklyn. This five-story building features 19 residential units, 17 of which are deregulated, offering investors a stable income stream with additional upside potential. Property Highlights: • Full Renovation (2017): The building underwent extensive renovations, including the addition of a fifth floor, modernizing its appeal and maximizing space. • In-Unit Amenities: Each apartment is equipped with a washer, dryer, and dishwasher, appealing to today’s renter demands. • Value-Add Opportunity: With two current vacancies, fully renting the building would result in a 6.18% cap rate at the asking price and additional upside in the rent roll. 372 St. Johns Place presents a rare investment opportunity in one of Brooklyn’s most desirable areas.