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.