750 Washington Ave - Apartments FOR SALE


Brooklyn, NY 11238- Prospect Heights
$5,400,000 USD
718-475-4300
750 Washington Ave, Brooklyn, NY for Sale
$5,400,000 USD
Apartments - FOR SALE
1/28
null | 6.5% Cap Rate

750 Washington Ave
Brooklyn, NY 11238
Prospect Heights


HIGHLIGHTS

  • 16 Unit Multifamily
  • $699/sf and $337,500/unit
  • Mostly Free Market
  • Renovated

OVERVIEW

The New York Multifamily team at Marcus & Millichap is proud to present 750 Washington Avenue to the market. The subject property is an expertly maintained and updated 16-unit multifamily building in Prospect Heights, Brooklyn, offered at $5,400,000 at a 6.5% cap rate. The asset produces strong in-place cash flow and a high current yield relative to the submarket, positioning it for an investor focused on stabilize, income-producing Brooklyn multifamily. The building sits on Washington Avenue between the Brooklyn Botanic Garden and the Brooklyn Museum, along one of Prospect Heights' most established residential corridors. Transportation access is excellent: the 2 and 3 trains at Eastern Parkway–Brooklyn Museum and the C train at Clinton–Washington Avenues are both a short walk away, providing direct service to Downtown Brooklyn and Manhattan. Comprising 7,720 square feet, the property is priced at $699 per square foot ($337,500 per unit) — an attractive basis for a cash-flowing asset in a strong location. Most of the building has been renovated.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$699 USD /SF

# OF UNITS

16

PRICE/UNIT

$337,500

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6A

APN/PARCEL ID

01166-0053

ASK ABOUT THIS PROPERTY

Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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