Prospect Park South POST J51 DEAL !!! - Apartments FOR SALE


Brooklyn, NY 11226- Prospect Park South
$3,300,000 USD
973-873-8444
Prospect Park South POST J51 DEAL !!!, Brooklyn, NY for Sale
$3,300,000 USD
Apartments - FOR SALE
1/8
null | 7.16% Cap Rate

Prospect Park South POST J51 DEAL !!!
Brooklyn, NY 11226
Prospect Park South


HIGHLIGHTS

  • BUILDING FULLY GUT RENOVATED IN 1990
  • BUILDING IS FULLY FREE MARKET (SOME TENANTS HAVE RENT STABILSATION RIGHTS)
  • MANY UNITS GUT RENOVATED IN THE LAST 5 YEARS
  • B AND Q TRAIN ON CORNER
  • EXTRA DEVELOPMENT RIGHTS

OVERVIEW

This building was fully got renovated with a brand new certificate of occupancy in 1990. The building was stabilized only through a J51 which has expired as of this year and now the building is fully free market. Many of the apartments have been renovated beautifully by the current ownership. projected cap rate : 15% CAP

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

19

PRICE/UNIT

$173,684

CAP RATE

7.16%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,929 SF

ZONING

R7A

APN/PARCEL ID

05097-0091

ASK ABOUT THIS PROPERTY

Avraham BirnbaumTwelve Stones Realty LLCMore Info
973-873-8444

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Avraham BirnbaumTwelve Stones Realty LLCMore Info
973-873-8444

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