70 Middagh St - Apartments FOR SALE


Brooklyn, NY 11201- Brooklyn Heights
$8,250,000 USD
212-729-7140
70 Middagh St, Brooklyn, NY for Sale
$8,250,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

70 Middagh St
Brooklyn, NY 11201
Brooklyn Heights


HIGHLIGHTS

  • Fully Fair Market - 100% Fair Market
  • Gut-Renovated - Completely Gut-Renovated Building with High-End Finishes and New Mechanical Systems
  • Meticulously Designed - Thoughtfully Designed Two-Bedroom Residences with Spacious Layouts
  • Protected Tax - Class Tax Class Protected (2B)
  • Ideally Located - Prime Brooklyn Heights Location, Steps from the Brooklyn Heights Promenade and Dumbo Waterfront
  • Convenient Transit Access - Outstanding Transit Access: Less than half a block from the A & C trains, one stop from Manhattan

OVERVIEW

Avison Young, as the exclusive agent is pleased to offer for sale The Dakota at 70 Middagh Street (the “Property”), a 5-story, 20’ walk-up building located on the south side of Middagh Street between Henry Street and Hicks Street in Brooklyn Heights. The property spans approximately 9,102± SF across ten (10) residential units comprising eight (8) two-bedroom, one-bathroom units, one (1) two-bedroom, one-bathroom unit with an expansive private backyard, and one (1) two-bedroom, two-bathroom unit. Each unit has been meticulously gut renovated with a focus on modern functionality and high-end design while keeping the historic charm of what Brooklyn Heights residents have been accustomed to. Each apartment has been meticulously renovated to feature engineered hardwood floors, recessed lighting, Carrera-marble countertops, brand-new stainless-steel appliances, luxury bathroom with ceramic tiling, split-system HVACs, and in-unit washers and dryers. The Dakota at 70 Middagh Street presents the rare opportunity to acquire a 100% free market, fully remodeled boutique luxury multifamily building with significant cash flow, strong rental growth projections, and no deferred maintenance in Brooklyn’s most luxurious submarket.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$906 USD /SF

# OF UNITS

10

PRICE/UNIT

$825,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,030 SF

ZONING

R7-1

APN/PARCEL ID

00216-0020

ASK ABOUT THIS PROPERTY

Joseph MoranAvison YoungMore Info
212-729-7140

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Joseph MoranAvison YoungMore Info
212-729-7140

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