771 E 32nd St - Apartments FOR SALE
Brooklyn, NY 11210 |
$5,000,000 USD
914-584-7422
771 E 32nd St
Brooklyn, NY 11210
HIGHLIGHTS
- Well-Located: Just blocks from Target and Brooklyn College, two key economic engines for Central Brooklyn
- 2019 Construction: Properties is highly efficient and represents turn-key cashflow with very low maintenance
- High-End Finishes: Units are outfitted with high-end appliances, fixtures, central heating / cooling and all have private terraces, rooftops
- 421a Tax Abatement: Properties benefit from 421a tax abatement (expires 2057), with current total taxes of just $3,737 per year
- High Legal Rents: 4 of 12 units are rent stabilized per the 421a tax abatement – current rents for stabilized units average $2,348/mo.
- Path To Fully Free Market: Four stabilized units can be converted to free market upon tenant turnover after abatement expiration.
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$820 USD /SF
# OF UNITS
12
PRICE/UNIT
$416,667
CAP RATE
6.51%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
2019
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,047 SF
ZONING
R6
APN/PARCEL ID
07560-0014
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914-584-7422
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914-584-7422
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