Fully Free-Market | MultiFamily Property For Sale
$3,400,000
1893-1895 Eastern Parkway, Brooklyn, NY 11233
For Sale
Multifamily
Active
Last Updated: 11/04/2024
6.89
Cap Rate
8,279 sqft
Building Size
Details:
Cap Rate: 6.89%
Building Size: 8,279 sqft
Zoning: R5
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 limns 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.& & 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 corridor
Documents:
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Offering Memorandum
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Location
Gallery
