Cash Flowing Elevator Buildings
$11,100,000
288 Maple Street, Brooklyn, NY 11225
For Sale
Mixed Use
Residential/Retail
Active
Last Updated: 11/03/2022
5.2
Cap Rate
580,500
NOI
Details:
Cap Rate: 5.2%
NOI: $580,500
Building Size: 74,622 sqft
Units: 69
Year Built: 1938
Price Per Sqft: $149
Price Per Unit: $146,053
Floors: 6
Number of Elevators: 2
Highlights:
- (2) Six Story Elevator Pre-War Buildings
- 288 Maple Street: 36 Units | 30,960 SF
- 295 Maple Street: 33 Units & 7 Stores | 43,662
- $2M spent in capital expenditures
- Close to Prospect Park, Kings County Hospital, Kingsbrook Jewish Medical Center
- Transportation: Winthrop Street [2 & 5] & Prospect Park [B, Q, S] Subway Stations
- Price $11,100,000 | 5.2% Cap | $149 psf | $146,053 P/Unit
Description:
Built in 1938, these two 6-story elevator buildings have 74,622 SF combined and contain 69 apartments and 7 stores. Located in Prospect - Lefferts Gardens, the properties are four blocks east of Prospect Park and a short walk to Kings County Hospital Center and Kingsbrook Jewish Medical Center. They are close to the Wintrhop Street [2, 5] & Prospect Park [B, Q, S] subway stations. Both properties have a tax abatement and are in excellent condition.
Location
Gallery
