9052 Fort Hamilton Pky - Apartments FOR SALE


Brooklyn, NY 11209- Bay Ridge
$1,700,000 USD
718-360-1331
9052 Fort Hamilton Pky, Brooklyn, NY for Sale
$1,700,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

9052 Fort Hamilton Pky
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • 7.74% Proforma Cap Rate — significant yield for a free-market Brooklyn asset in a prime residential neighborhood
  • Nearly 50% upside to market rents
  • Protected Tax Class 2A with low annual taxes
  • Five apartments (three 1BR / two 2BR) + one retail storefront — diversified income stream with strong residential and commercial demand
  • Prime Bay Ridge location between 90th and 92nd Streets with close proximity to the 86th Street retail corridor
  • Steps from the 95th Street (R) subway station with direct service to Manhattan

OVERVIEW

Investment Property Realty Group (IPRG) is pleased to exclusively present the opportunity to acquire 9052 Fort Hamilton Parkway, a free-market mixed-use building located in the heart of Bay Ridge, Brooklyn. The property is situated on Fort Hamilton Parkway between 90th and 92nd Street, in close proximity to the prime 86th Street retail corridor. The subject property consists of five residential apartments (three 1BR / two 2BR) above one retail storefront. The property benefits from the protected Tax Class 2A designation with low annual taxes. With a current rent roll of $121,800 and a clear path to a proforma income of $181,200, the asset presents nearly 50% upside to market rents at a 7.74% proforma cap rate. The property is located steps from the 95th Street (R) subway station, providing convenient access to Manhattan and the rest of Brooklyn.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

5

PRICE/UNIT

$340,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R5B

APN/PARCEL ID

06089-0053

ASK ABOUT THIS PROPERTY

Matt DittmeierInvestment Property Realty GroupMore Info
718-360-1331

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Matt DittmeierInvestment Property Realty GroupMore Info
718-360-1331

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