889 Saint Marks Ave - Apartments FOR SALE


Brooklyn, NY 11213- Crown Heights
$2,100,000 USD
917-749-8649
889 Saint Marks Ave, Brooklyn, NY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

889 Saint Marks Ave
Brooklyn, NY 11213
Crown Heights


OVERVIEW

Multifamily building in need of a full gut renovation, presenting a strong value-add and redevelopment opportunity. Seven of the eight units are vacant, with one unit occupied on a month-to-month basis, offering near-term full vacancy. Well-suited for local developers and investors, the property supports multiple residential end-use strategies, including upgraded multifamily rental (subject to approvals). Ideal for investors pursuing a long-term rental hold, with the ability to modernize building systems, reconfigure layouts, and unlock upside through redevelopment.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1903

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,313 SF

ZONING

R6

APN/PARCEL ID

01222-0056

ASK ABOUT THIS PROPERTY

Everett PerryUrban Vue Properties, Inc.More Info
917-749-8649

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Everett PerryUrban Vue Properties, Inc.More Info
917-749-8649

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