Fully Renovated Free Market Luxury Building

1916 Prospect Place, Brooklyn, NY

$1,500,000

Price

5.8%

Cap Rate

$86,925

NOI

Overview
Cap Rate
5.8%
NOI
$86,925
Building Size
3,126 sqft
Lot Area
1,323 sqft
Occupancy
100%
Class
B
Units
4
GRM
14.09
Year Built
1899
Price Per Sqft
$479.85
Price Per Unit
$375,000
Zoning
C8­2
Floors
3
Year Last Renovated
2015
HVAC
mini split
Description

Goldcap Real Estate Advisors has been retained on an exclusive basis to
represent the sale of 1916 Prospect Place, a fully renovated free market
luxury building between Eastern Parkway and Rockaway Boulevard. The
subject property is a 3­story walkup consisting of 3,126 SF spanning
across 4 residential units. Currently there are two units with 3 beds 2 full
baths, one 1 bed 1 bath with its own private entrance and one 3 bed 2
full baths which is duplexed into the basement, Each apartment has lots
of amenities such as private balcony/gardens, virtual doorman, Mini Split
Hvac as well as a washer and dryer. The tenants pay for all utilities
except for water and common areas. The asset is being offered just
under 6% cap rate for an asking price of $1,500,000. $480.PPSF.

Documents
Title
1916_Prospect_PL.pdf
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Location
Gallery