Multifamily | Fully Free-Market

$1,600,000

1886 Eastern Parkway, Brooklyn, NY 11233

For Sale

Multifamily

Active

Last Updated: 11/04/2024

Cap Rate: 7%

Building Size: 3,240 sqft

Zoning: R6

Fully Free-Market The property s 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..4,8 C trains. offering access to Williamsburg. Downtown Brooklyn. and Union Square within 35-40 minutes.
Efficient Layout 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.

	Title
	Offering Memorandum

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