Cap Rate
7.00%
Price Per Unit
$266,667
Units
6
Gross SQFT
3,240
Year Built
1910
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Available Air Rights: There are roughly 2,760 unused air rights for future expansion, development, or disposition.
- Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
- Transportation Accessibility: 4 blocks to Broadway Junction, with L, J, Z, A, & C trains, offering access to Williamsburg, Downtown Brooklyn, and Union Square within 35-40 minutes.
- Efficient Layouts: Large air shaft provides spacious and bright unit layouts.
- Low Maintenance: Building was fully renovated in 2018 and has been meticulously maintained since, with no need for short term capital improvements.1886 EASTERN PKWY, BROOKLYN, NY 11233
Broker of Record
- Cory Rosenthal
- License No. 10311210106 (NY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203