Rent-Stabilized Fort Greene Brownstone - Cash Flowing with 5% Cap Rate This exceptional 7-unit brownstone delivers a projected net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods. The property is fully occupied with meticulously screened and reliably paying… Read More tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development. This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements. This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development. Showings by appointment contact for building financials and additional photos: / . Read Less
Listing Courtesy of: Victoria K Alexander, Realty Collective LLC
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Beds
7
Full Baths
7
Year Built
1900
MLS Number
RLS20070799
30 Days Snapshot Of 11217
$1.36M
-31%
(avg) sold price
12
+20%
homes sold
Snapshot
Area Map
Additional Details
Building
Entry Level: 0, Living Area Units: SquareFeet, Rooms Total: 18, Structure Type: None
Lot
Parcel Number: 02115-0016
Property
Property Sub Type: MixedUse, View YN: t, View: City
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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