554 Eastern Pky - Apartments FOR SALE


Brooklyn, NY 11225- Crown Heights
$5,800,000 USD
212-430-5234
554 Eastern Pky, Brooklyn, NY for Sale
$5,800,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

554 Eastern Pky
Brooklyn, NY 11225
Crown Heights


HIGHLIGHTS

  • Vacant Eastern Parkway 41.5 Foot Wide 9-Unit Apartment Building
  • Excellent Redevelopment & Substantial Rehabilitation Opportunity
  • R6/C1-3 Zoning Allowing for approximately 2,977 SF of Available Residential Air Rights
  • $1,200/SF Condo Sell Out Value
  • 10+ Foot Ceiling Heights Throughout
  • Conforming Basement Unit w 10+ Foot Ceiling Height

OVERVIEW

• Vacant Eastern Parkway 41.5 Foot Wide 9-Unit Apartment Building • Excellent Redevelopment & Substantial Rehabilitation Opportunity • R6/C1-3 Zoning Allowing for approximately 2,977 SF of Available Residential Air Rights • $1,200/SF Condo Sell Out Value • 10+ Foot Ceiling Heights Throughout • Conforming Basement Unit w 10+ Foot Ceiling Height • New Roof & New Floor Joists & Plywood Throughout • 15 Minute Subway Ride into Manhattan | Express 3 Train Station on the Block • Four Blocks to Prospect Park, Brooklyn Botanic Garden & Brooklyn Museum

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

9

PRICE/UNIT

$644,444

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R6, C1-3

APN/PARCEL ID

01269-0011

ASK ABOUT THIS PROPERTY

Matthew FotisMarcus & MillichapMore Info
212-430-5234

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Matthew FotisMarcus & MillichapMore Info
212-430-5234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.