253 Stanhope St - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$2,850,000 USD
201-966-5918
253 Stanhope St, Brooklyn, NY for Sale
$2,850,000 USD
Apartments - FOR SALE
1/2
null | 6.45% Cap Rate

253 Stanhope St
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Fully Leased Walkup Multifamily: 6 Free-Market Units, 1 Rent-Stabilized Unit
  • Unit Breakdown: 2 studio units, 2 1-bedroom units, 3 2-bedroom units, 1 1-bedroom unit
  • Tax Class 2A: Assessed value can rise no more than 8%/Year or 30% over five years

OVERVIEW

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 253 Stanhope Street, Bushwick, NY 11237. Highlights of the property are listed below: Fully Leased Walkup Multifamily: 7 Free-Market Units, 1 Rent-Stabilized Unit The renovated apartments were fully gutted and rebuilt, featuring new flooring, framing, drywall, doors, upgraded electrical and plumbing, custom kitchens, and modern bathrooms. Central heating, air conditioning, new furnaces, split systems, and new windows were installed. Common areas saw roof replacement, sump pumps, storage closets, and hallway updates. A full list of renovations available upon request Unit Breakdown: - (2) studios on ground floor with access to washer/dryer in basement - (2) 1-bedroom/1.5 bath duplex units on ground floor with in-unit washer/dryer and rec room/den on cellar level - (3) 2-bedroom/1-bath units on 2nd/3rd floor with in-unit washer/dryer - (1) 1-bedroom/1-bath rent stabilized unit on 3rd floor with two demised dens/sleeping areas (no windows) Tax Class 2A: Assessed value can rise no more than 8%/Year or 30% over five years Heart of Bushwick: Four blocks to Maria Hernandez Park, one block away from the Wyckoff Heights Medical Center, and a short walk to the bustling restaurant, bar, night club scene along Wyckoff Avenue

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$585 USD /SF

# OF UNITS

8

PRICE/UNIT

$356,250

CAP RATE

6.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Multifamily, Tax Class 2A

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6

APN/PARCEL ID

03258-0044

ASK ABOUT THIS PROPERTY

Brian WhelanRIPCO Real EstateMore Info
201-966-5918

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Brian WhelanRIPCO Real EstateMore Info
201-966-5918

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