Inquire for setup sheet and interior photosPrime Fort Greene investment opportunity offering a 10-unit multi-family brick building with all ten apartments free-market, located on a beautiful residential block perpendicular to Fort Greene Park. Building includes private backyard for garden unit, decorative fireplaces, plus shared gym and laundry room.Overview:- Annual Income:… Read More $400,200- Annual Operating Expenses: $54,127- Net Operating Income (NOI): $346,073- Cap Rate: 5.13%- Total Units: 10 residential - Unit Mix: 10 free-market / 0 rent-stabilized- Building Size: 6,141 SF- Building Dimensions: 22' x 55'- Lot Dimensions: 22' x 100'- Amenities: Laundry Room & Gym- Heating/Cooling: Individual split units per apartmentWith 100% free-market apartments, the property offers an attractive opportunity for investors seeking long-term income growth.Located in the heart of Fort Greene, the property benefits from proximity to Fort Greene Park, Downtown Brooklyn, BAM, Barclays Center, and the neighborhood's celebrated restaurants, shopping, and cultural institutions. An opportunity to acquire a fully free-market multi-family asset in one of Brooklyn's most desirable residential neighborhoods. Read Less
Listing Courtesy of: Amar Jehs, Corcoran Group
Listing Snapshot
Days Online
1
Last Updated
Property Type
MultiFamily
Beds
9
Full Baths
10
Square Ft.
6,141
Year Built
1930
MLS Number
RLS20124216
Additional Details
Building
Built in 1930, Living area: 6141.0, Living area units: SquareFeet, 5 stories, Entry level: 1
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