564 Flatbush Ave - Apartments FOR SALE


Brooklyn, NY 11225- Prospect Park
$3,600,000 USD
718-360-8801
564 Flatbush Ave, Brooklyn, NY for Sale
$3,600,000 USD
Apartments - FOR SALE
1/16
null | 5.62% Cap Rate

564 Flatbush Ave
Brooklyn, NY 11225
Prospect Park


OVERVIEW

IPRG has been exclusively hired to sell 564 Flatbush Avenue. The subject property is on the corner of Flatbush Avenue and Beekman Place. Built 24 ft. x 90 ft. on a 24 ft. x 100 ft. lot, the property offers 4 apartments and 2 stores and is zoned R7-1, C1-3 which has a 3.44 FAR for standard residences or up to a 4.3 FAR as part of the Universal Affordability Preference under NYC’s City of Yes Housing Opportunity. The property is located in a prime location for the neighborhood and is one block away from the B and Q trains at Prospect Park. The property is also one block from the Lincoln Road entrance to Prospect Park.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$682 USD /SF

# OF UNITS

6

PRICE/UNIT

$600,000

CAP RATE

5.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,396 SF

ZONING

R7-1, C1-3

APN/PARCEL ID

05026-0095

ASK ABOUT THIS PROPERTY

Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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

Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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