$5,950,000 USD
914-584-7422
856 Greene Ave
Brooklyn, NY 11221
Stuyvesant Heights
HIGHLIGHTS
- Gut renovated in 2018 with condo-quality finishes, in-unit laundry, and hardwood floors.
- Converted from 4 to 10 units via Alteration Type 1 — permits available for review.
- Amenitized with fitness room, bike storage, balconies, roof access, and green spaces.
- Mix of 3 and 4 bedroom layouts, all with 2½ bathrooms — desirable BR/BTH ratio.
- 14-year J-51 tax abatement with full savings through 2031; taxes phase in through 2035.
- Legal rents exceed market rents; J-51 riders allow conversion to free market upon abatement expiration.
FOR SALE DETAILS
PRICE
$5,950,000 USD
PRICE/SF
$699 USD /SF
# OF UNITS
10
PRICE/UNIT
$595,000
CAP RATE
7.35%
% LEASED
90%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
5
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.07 AC
LAND SF
2,893 SF
ZONING
R6A
APN/PARCEL ID
01620-0043
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914-584-7422
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914-584-7422
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