140 Martense St - Apartments FOR SALE


Brooklyn, NY 11226- Prospect Lefferts Gardens
$3,750,000 USD
917-626-8413
140 Martense St, Brooklyn, NY for Sale
$3,750,000 USD
Apartments - FOR SALE
1/6
null | 6.4% Cap Rate

140 Martense St
Brooklyn, NY 11226
Prospect Lefferts Gardens


OVERVIEW

Bijou Equities is pleased to present the exclusive listing of 140 Martense Street, a 6,098 SF newly renovated, FM, multifamily property in the heart of Flatbush, Brooklyn. The units at 140 Martense Street are currently being rented below market value, presenting a unique opportunity for investors. Without making any improvements, simply bringing the units to market rate could generate a pro forma gross income of approximately **$316,000** and a **7% cap rate** at the asking price. This Alt-1 renovation has transformed the building into a modern, turnkey investment featuring 9 fully free-market apartments with high-end finishes. The building also includes laundry facilities in the basement, providing added convenience for tenants. Located in PLG/Flatbush, the property is 2 blocks from Prospect Park, blocks from Q Line, and the 2 &5 Line.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$615 USD /SF

# OF UNITS

9

PRICE/UNIT

$416,667

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,383 SF

ZONING

R7-1

APN/PARCEL ID

05090-0027

ASK ABOUT THIS PROPERTY

Fred BijouBijou EquitiesMore Info
917-626-8413

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Fred BijouBijou EquitiesMore Info
917-626-8413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.