Units
3
Year Built
1901
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity: There is significant upside in the rent roll that can be unlocked via renovations.
- Owner-User Potential: The property would make a fantastic single family home conversion, or buyer could live in a portion of the building and collect rent from the rest.
- Quiet Residential Block: Situated on a quiet tree-lined residential block.
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Available Air Rights: There are roughly 725 SF of unused air rights for future expansion, development,
or disposition. - Protected Tax Class: Tax Class 1 limits tax increase to no more than 6% per year or 20% over 5 years.
- Neighborhood Amenities: Located within a few blocks of McGolrick Park, retail on Nassau and Driggs Avenues, and N. Brooklyn nightlife
Broker of Record
- Cory Rosenthal
- License No. 10991237833 (NY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc.
- 1600 West End,
Ste. 1500 Nashville, TN 37203