750 Washington Ave - Apartments FOR SALE


Brooklyn, NY 11238- Prospect Heights
$5,950,000 USD
718-395-1877
750 Washington Ave, Brooklyn, NY for Sale
$5,950,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

750 Washington Ave
Brooklyn, NY 11238
Prospect Heights


HIGHLIGHTS

  • 7,720 Gross SF
  • 10 Free Market Apartments
  • 6 RS Apartments
  • Over 60% Fully Gut Renovated
  • Prime Prospect Heights

OVERVIEW

TerraCRG has been retained to exclusively represent ownership in the sale of 750 Washington Avenue, a four-story multifamily building in the Prospect Heights neighborhood of Brooklyn. The approximately 7,720 SF building consists of 10 free-market apartments and 6 RS apartments. 10 of the 16 units are fully gut renovated. The property currently has an annual gross rent roll of ~$473,000 and a net operating income of ~$350,000 after expenses. The property sits on the Washington Avenue corridor between Park Place and Sterling Place just blocks from the Brooklyn Museum and Prospect Park.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$1,009 USD /SF

# OF UNITS

16

PRICE/UNIT

$371,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16-Unit Building w/ 10 Free Market Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,714 SF

ZONING

R6A

APN/PARCEL ID

01166-0053

ASK ABOUT THIS PROPERTY

Remi NorrisTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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Remi NorrisTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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