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Commercial Sale in Brooklyn, New York, Brooklyn, NY 11208 | Web ID: 904891 | $6,500,000

 
Commercial Sale in New York - Crescent  Brooklyn, NY 11208Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-2Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-3Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-4Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-5Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-6Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-7Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-8Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-9Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-10Commercial Sale Crescent  Brooklyn, NY 11208, MLS-904891-11
 

Property Description

Perfect—here’s A Clean, Investor-focused Description For That City Line Property: Turn-key 25-unit Investment Property In City Line, Brooklyn An Outstanding Opportunity In The Heart Of Brooklyn—this Well-maintained 25-unit Brick Building Features 15 2 -bedroom And 10 1 Bedroom Apartments, As Well As 2 Retail Spaces Ideal For Steady Rental Demand. Tenants Pay Their Utilities ( Electric And Cooking Gas ) The Building Includes: A Full Basement With Additional Storage Rooms No Elevator = Lower Maintenance Low Operating Expenses With A Projected Noi Of $816, 000 Creating A Net Cap Rate Of 10.2%, This Is An Excellent Choice For Long-term Investors Or A 1031 Exchange. Stable Income, Minimal Overhead, And Efficient Building Systems Make This A True Turnkey Asset In One Of Brooklyn’s Steadily Growing Neighborhoods.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $89,156.00
Year Built 1927
Basement Full
Construction Brick
Total Units 25
Lot SqFt 5,000
Cooling Multi Units
Heat Source Oil
Util Incl Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Days On Market 1
Units 25
Listing information courtesy of: EXIT Realty Central

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