$4,250,000 USD
914-584-7422
814 Prospect Pl
Brooklyn, NY 11216
Crown Heights
HIGHLIGHTS
- Renovated & Turnkey: The entire building was fully renovated in 2018 and meticulously maintained since.
- Fully Free Market: The building was destabilized via substantial rehabilitation in 2018 (supporting paperwork available upon request).
- Tax Protected: Classified tax class 2B, limiting real estate tax increases to a max of 8% per year and 30% over five years.
- Highly Efficient: Separate utilities, new appliances, and efficient unit layouts translate to low expenses and minimal maintenance.
- Well-Located: Within blocks of countless café and restaurant options on Nostrand, Bedford, & Franklin Avenues.
- Transportation Accessibility: Within blocks of the 2, 3, 4, 5, & S trains, with access to Downtown Brooklyn and the Financial Districtwithin 15 minute
FOR SALE DETAILS
PRICE
$4,250,000 USD
PRICE/SF
$650 USD /SF
# OF UNITS
8
PRICE/UNIT
$531,250
CAP RATE
6.88%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1901
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,267 SF
ZONING
R6 / R6A / C2-4
APN/PARCEL ID
01234-0009
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914-584-7422
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914-584-7422
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