216 23rd Street
$2,650,000
216 23rd Street, Brooklyn, NY 11232
3,228 sqft
Building Size
2,036 sqft
Lot Area
Details:
Highlights:
- Property offers multiple options: an owner-user can move in entirely or partially and have income, convert to condos or market rate rental
- An additional floor can be added as well
- the tenant pays or reimburses 100% of taxes, insurance, water, sprinkler and upkeep
- The tenant has occupied the building for eighteen consecutive years and has paid in full on time consistently
- No vacancy, no arrears, and no dispute over any renewal, including four straight 10% escalations
Description:
Besen Partners, as exclusive agent for ownership, is pleased to offer 216 23rd Street, a free-market, three-family brick residence in Brooklyn’s emerging Greenwood Heights / Park Slope South. It is presently leased in its entirety on a true triple-net basis to a single, well-capitalized New York City nonprofit since 2006, presently on a month-to-month basis.
Given the flexible lease at present, the subject property offers multiple options: an owner-user can move in entirely or partially and have income, convert to condos or market rate rental; an additional floor can be added as well. Tenant is currently month-to-month, terminable on notice under the lease and applicable law.
The tenant has occupied the building for eighteen consecutive years and has paid in full on time consistently with no vacancy, and no arrears. Ownership performs no maintenance and carries no operating expense; the tenant pays or reimburses 100% of taxes, insurance, water, sprinkler and upkeep.
Documents:
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216_23rd_Street_Offering_Memorandum.pdf
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Location
Gallery
