2069 E 12th St - Apartments FOR SALE


Brooklyn, NY 11229
$4,200,000 USD
347-515-8272
2069 E 12th St, Brooklyn, NY for Sale
$4,200,000 USD
Apartments - FOR SALE
1/17
null | 5.57% Cap Rate

2069 E 12th St
Brooklyn, NY 11229


OVERVIEW

Mint condition 19 unit apartment building on East 12th Street between Ave T and Ave U in prime Homecrest area. The Property has 60 feet of frontage on E 12th Street and is built 60 feet by 78 feet on a 60 foot by 105 foot R5/C1-3 lot. The Property has 4 floors and comprised of ten one-bedroom and nine two bedroom apartments with Gross Operating Income of $349,834 (plus $24000) and Net Operating Income of $233,980 annually. The Property offers an investor an exceptional opportunity to own a building in the one of most convinient and growing neighborhoods in South Brooklyn. In general, this section of Homecrest is in constantly high demand by apartment tenants this has resulted in a low supply of available rental apartments and reliable value preservation

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

19

PRICE/UNIT

$221,053

CAP RATE

5.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

R5

APN/PARCEL ID

07316-0050

ASK ABOUT THIS PROPERTY

Aliaksei 'Alex' PalaukouA.P. Services IncMore Info
347-515-8272

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Aliaksei 'Alex' PalaukouA.P. Services IncMore Info
347-515-8272

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