60 New York Ave - Apartments FOR SALE


Brooklyn, NY 11216- Crown Heights
$4,650,000 USD
718-475-4357
60 New York Ave, Brooklyn, NY for Sale
$4,650,000 USD
Apartments - FOR SALE
1/23
null | 7.3% Cap Rate

60 New York Ave
Brooklyn, NY 11216
Crown Heights


HIGHLIGHTS

  • Offering Price: $4,650,000
  • Price per SF: $485
  • Price per Unit: $581,250
  • Fully residential 8-unit Brooklyn asset.
  • 7.3% current cap rate
  • 100% free market

OVERVIEW

This fully renovated multifamily building is located at 60 New York Avenue in Crown Heights, Brooklyn. The property features 8 residential units with 4 bedrooms each, totaling 9,584 square feet. $840,000 was spent on renovations with a backup proper deregulation file. The building is 100% free market and fully occupied. Units 1L and 1R can be duplexed into the basement with private backyard access that can be built out to capture additional upside in rent.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

8

PRICE/UNIT

$581,250

CAP RATE

7.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C8-2

APN/PARCEL ID

01201-0035

ASK ABOUT THIS PROPERTY

Daniel GreenblattMarcus & MillichapMore Info
718-475-4357

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Daniel GreenblattMarcus & MillichapMore Info
718-475-4357

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