571 Ocean Pky - Apartments FOR SALE


Brooklyn, NY 11218- Kensington
$14,999,000 USD
516-279-8828
571 Ocean Pky, Brooklyn, NY for Sale
$14,999,000 USD
Apartments - FOR SALE
1/23
null | 6.45% Cap Rate

571 Ocean Pky
Brooklyn, NY 11218
Kensington


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! Brand New 100% Occupied 30 Unit Mixed-Use Building In Kensington For Sale!!!
  • The Building Features Excellent Signage, Great Exposure, (1) Medical Office, 18 Parking Spaces, High 10’ Ceilings, Strong R7A Zoning, Elevator, +++!!!
  • The Property Is Located In The Heart Of Kensington In Between Church Ave. & Foster Ave. Only Minutes From Prospect Park Lake!!!
  • Neighbors Include UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Walgreens, CVS, Extra Space Storage, Staples, +++!!!
  • The Building Was Built In 2023!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! Brand New 30 Unit Mixed-Use Building In Kensington For Sale!!! The Building Features Excellent Signage, Great Exposure, (1) Medical Office, 18 Parking Spaces, High 10’ Ceilings, Strong R7A Zoning, Elevator, Motion Sensor Lights, Sprinklers, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Kensington In Between Church Ave. & Foster Ave. Only Minutes From Prospect Park Lake!!! Neighbors Include UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Walgreens, CVS, Extra Space Storage, Staples, Planet Fitness, Blink Fitness, Taco Bell, McDonald’s, Meineke Car Care, Aldi +++!!! The Building Was Built In 2023!!! This Property Offers HUGE Upside Potential!!! This Could Make A Great Addition To Your Investment Portfolio Or Be The Next Home For Your Business!!! Income: Medical Office: $30,000 Ann. Unit 1A: $42,240 Ann. Unit 2A: $29,355 Ann. Unit 2B: $34,440 Ann. Unit 2C: $34,440 Ann. Unit 2D: $29,412 Ann. Unit 3A: $35,559 Ann. Unit 3B: $35,473.20 Ann. Unit 3C: $29,412 Ann. Unit 3D: $29,426.16 Ann. Unit 4A: $29,355 Ann. Unit 4B: $28,500 Ann. Unit 4C: $35,473.20 Ann. Unit 4D: $35,552.28 Ann. Unit 5A: $35,569.56 Ann. Unit 5B: $29,412 Ann. Unit 5C: $28,500 Ann. Unit 5D: $35,552.28 Ann. Unit 6A: $29,412 Ann. Unit 6B: $34,200 Ann. Unit 6C: $36,153 Ann. Unit 6D: $37,487.88 Ann. Unit 7A: $37,044 Ann. Unit 7B: $36,731.04 Ann. Unit 7C: $36,820.44 Ann. Unit 7D: $37,044 Ann. Unit 8A: $35,485.56 Ann. Unit 8B: $36,396 Ann. Unit 8C: $37,487.88 Ann. Unit 8D: $35,485.56 Ann. Gross Income: $1,017,419.04 Ann. Expenses: Utilities: $21,823 Ann. Maintenance & Repairs: $5,113 Ann. Management: $3,200 Ann. Insurance: $12,053 Ann. Taxes: $7,533 Ann. Total Expenses: $49,722 Ann. Net Operating Income (NOI): $967,697.04 Ann.

FOR SALE DETAILS

PRICE

$14,999,000 USD

PRICE/SF

$612 USD /SF

# OF UNITS

30

PRICE/UNIT

$499,967

CAP RATE

6.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2023

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R7A

APN/PARCEL ID

05400-0072

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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