Price Per SF
$179
Price Per Unit
$174,375
Units
8
Gross SQFT
7,768
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Estate Sale of a large 8-unit walkup located on Kingston Avenue in Historic North Crown Heights.
- 3 lower-level units were owner-occupied for over 20 years and will be delivered vacant.
- Our asking price suggests $178 per SF, a basis below land value in this location.
- The building is 26.75 x 85′ with air shafts, maximizing potential for bedrooms and bathrooms.
- The last DHCR filings were in 2006. The Estate is establishing RS rents for occupied units.
- The building is priced at an “as is” basis. The new owner is responsible for violation remediation.
- Newly renovated buildings and fresh retail has brought this section of Kingston Avenue to life.
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