540 Bainbridge St - Apartments FOR SALE


Brooklyn, NY 11233
$2,500,000 USD
646-363-6175
540 Bainbridge St, Brooklyn, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

540 Bainbridge St
Brooklyn, NY 11233


HIGHLIGHTS

  • Free-market multifamily building consisting of 6 residential units located in the Ocean Hill neighborhood of Brooklyn.
  • The property is built 5,585 SF across three stories and is fully renovated.
  • The property is in a protected tax class (Tax Class 2A).
  • The property is permanently exempt from rent stabilization.
  • DHCR and floor plans are available upon request.
  • The property is located in close proximity to public transportation, including the Chauncey Street [J, Z] subway station

OVERVIEW

Asset CRG Advisors has been exclusively retained to market 540 Bainbridge Street, Brooklyn, NY 11233, a fully renovated, free-market multifamily building in the Ocean Hill neighborhood of Brooklyn. The 5,585 SF, three-story property consists of six residential units, including one 4-bedroom, 1.5-bath unit, one 3-bedroom, 1.5-bath unit, and four 3-bedroom, 2-bath units. The building is permanently exempt from rent stabilization, offering investors flexibility in rental pricing and management. DHCR and floor plans are available upon request. Ideally situated in Ocean Hill, the property benefits from the neighborhood’s continued development and strong rental demand. With proximity to the Chauncey Street [J, Z] and Halsey Street [J] subway stations, tenants enjoy convenient access to Manhattan and other parts of Brooklyn, further enhancing its appeal as a prime investment opportunity. 540 Bainbridge St, Brooklyn, NY 11233 is located in the Bedford-Stuyvesant neighborhood, known for its historic brownstones, vibrant cultural scene, and strong community atmosphere. The area offers a mix of residential and commercial spaces, with local shops, restaurants, and parks contributing to its lively environment. The property is conveniently positioned near public transportation, with the Chauncey Street [J, Z] and Halsey Street [J] subway stations providing direct access to other parts of Brooklyn and Manhattan. Several bus routes also serve the area, ensuring seamless connectivity. Bedford-Stuyvesant has experienced significant growth and revitalization in recent years, attracting new residents and businesses while maintaining its historic charm.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$448 USD /SF

# OF UNITS

6

PRICE/UNIT

$416,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6,Brooklyn,(C2)

APN/PARCEL ID

01510-0028

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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