518 Meeker Ave - Apartments FOR SALE


Brooklyn, NY 11222
$3,950,000 USD
717-491-4183
518 Meeker Ave, Brooklyn, NY for Sale
$3,950,000 USD
Apartments - FOR SALE
1/61
null | Request Cap Rate

518 Meeker Ave
Brooklyn, NY 11222


HIGHLIGHTS

  • This property is near McCarren Park

OVERVIEW

Delivered 90% Vacant. Elevator building will be delivered 90% vacant excluding unit 4A. If rented, rents will reflect the legal rents of 2023 and be subject to yearly RGB increases of 2.75%. Attractive Basis & Potential Condo Play. The asset is being offered at $408 PSF and is positioned for a condo conversion. Sell out prices in the neighborhood average $1,100 PSF.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

10

PRICE/UNIT

$395,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,167 SF

ZONING

R6

APN/PARCEL ID

02827-0131

ASK ABOUT THIS PROPERTY

Haley HashoExodus CapitalMore Info
717-491-4183

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Haley HashoExodus CapitalMore Info
717-491-4183

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