Price Per Unit
$680,000
Units
5
Year Built
1927
Leasable Area
8,279 SF
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement
- Upside Potential: Though building is in fully functional condition with no need for short term capital improvements, future renovations should garner higher rents
- Protected Tax Class: 2A & 2B 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
- Substantial Corner Frontage: 126’ of combined frontage, 106’ of which is on Eastern Parkway, a heavily trafficked corridor1893-1895 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