Prospect Heights | 55-unit Multifamily | 421a Tax Abatement
$29,750,000
1042 President Street, Brooklyn, NY 11225
For Sale
Multifamily
Unknown Sub Type
Active
Last Updated: 10/06/2025
41,569 sqft
Building Size
55
Units
Details:
Building Size: 41,569 sqft
Units: 55
Year Built: 2022
Price Per Sqft: $716
Zoning: R6
Floors: 8
Highlights:
- Newly constructed 8-story multifamily with a total of 55 apartments and 22 parking spaces
- New 35-year Affordable NY Tax Abatement 70% Free-Market / 30% Affordable
- Building amenities include: Elevator, Bike Room, Gym, Laundry in Building, Package Room, Parking Available, and Virtual Doorman
- Assumable loan: $22M at 6.5% I/O 5 years
- The property is located at the intersection of Crown Heights, Prospect Heights, and Prospect Lefferts Gardens in Brooklyn, near shopping, dining and entertainment options
- Within walking distance to the President Street Station (2 5 trains)
Location
Gallery
