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Brooklyn 4 Story 31-Unit Multifamily PreWar Walk-up Apartment Building

$5,500,000

1463 East 3rd Street, Brooklyn, NY 11230

Active
Last Updated: 12/01/2025

5.7

Cap Rate

312,905

NOI

Details:
Cap Rate:    5.7%
NOI:    $312,905
Building Size:    22,600 sqft
Lot Area:    8,000 sqft
Class:    C
Units:    31
GRM:    9.88
Year Built:    1927
Price Per Sqft:    $243
Price Per Unit:    $177,419
Zoning:    R5, OP
Floors:    4
Description:

Subject Property is a Four-story Mid-Rise Masonry PreWar Walk-up Apartment Building with 31 Apartments consisting of twenty-three (23) 1 Bedrooms, seven (7) 2 Bedrooms & one (1) 3 Bedroom Residential Apartments. 102 Rooms Total. Building Gross total floor area of 22,600 Square feet. The property was built in 1927 and is located in the Midwood/Flatbush Section of Brooklyn.

Map:
Documents:
Title
1-Lichtenstein_Offering_Memorandum-1463_E_3rd_Street__Brooklyn.pdf
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Location
Gallery