CROWN HEIGHTS BROOKLYN 8-UNIT MULTIFAMILY INVESTMENT PROPERTY | $1,700,000 | CONSIDERING ALL OFFERS
Excellent opportunity to acquire a well-maintained multifamily investment property in Crown Heights, Brooklyn. The property consists of 8 residential apartments, with each apartment configured as a 3-bedroom, 1-bathroom unit. The building contains approximately 9,340 square feet and was constructed in 1910.
The property is fully occupied with reliable long-term tenants and established rental income. Seven of the eight apartments are rent-stabilized, with one free-market apartment. DHCR filings are reported to be up to date.
Recent capital improvements include a replacement boiler, recently replaced roof and electrical upgrades. These improvements provide important value for an investor by addressing several major building systems and helping reduce the likelihood of immediate major capital expenditures.
PROPERTY HIGHLIGHTS
8 residential apartments
24 bedrooms
8 bathrooms
Approximately 9,340 square feet
Approximately 1,100 square feet per apartment
3 bedrooms and 1 bathroom per apartment
7 rent-stabilized apartments
1 free-market apartment
Fully occupied
Long-term tenant occupancy
DHCR filings up to date
Recently replaced boiler
Recently replaced roof
Electrical upgrades
1910 construction
4-story walk-up building
R6A zoning
Crown Heights, Brooklyn
LOCATION
The property is situated in Crown Heights, Brooklyn, with convenient access to public transportation, neighborhood shopping, restaurants, schools, parks and major Brooklyn destinations.
The surrounding area provides access to the 2, 3, 4 and 5 subway lines, as well as additional transportation options along Eastern Parkway, Franklin Avenue, Nostrand Avenue and surrounding corridors.
Nearby attractions and destinations include the Brooklyn Botanic Garden, Brooklyn Museum, Prospect Park, Eastern Parkway, Franklin Avenue, Crown Heights cultural destinations and the many restaurants, cafes and businesses throughout the neighborhood.
INVESTMENT OPPORTUNITY
This property offers an established multifamily investment with eight residential units, a combination of rent-stabilized and free-market tenancy, long-term occupancy and recent improvements to the building's major systems.
For investors looking for Brooklyn multifamily real estate, Crown Heights apartment buildings, rent-stabilized properties or established income-producing residential assets, this property offers an opportunity to acquire an existing 8-unit building in a well-established Brooklyn neighborhood.
ASKING PRICE: $1,700,000
CONSIDERING ALL OFFERS.
Serious inquiries only. Proof of identity and proof of funds are required for serious discussion.
Additional property and financial information will be provided to qualified and serious prospective purchasers.
Buyer and buyer's representatives should independently verify all property information, including unit configuration, square footage, rental information, rent-stabilization status, DHCR records, financial information, taxes, zoning and other property details prior to making an offer.
Crown Heights Brooklyn real estate | Brooklyn multifamily investment | Brooklyn apartment building for sale | Crown Heights investment property | Brooklyn income property | 8-unit apartment building | rent-stabilized apartments Brooklyn | multifamily property Brooklyn NY | Brooklyn real estate investment | NYC multifamily investment | Crown Heights apartment building