872 Park Pl - Apartments FOR SALE


Brooklyn, NY 11216- Crown Heights
$2,500,000 USD
917-923-0120
872 Park Pl, Brooklyn, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

872 Park Pl
Brooklyn, NY 11216
Crown Heights


OVERVIEW

Landmarked Renaissance Revival Row House in the Crown Heights North Historic District II. Constructed in 1895 by Dahlander & Hedman, this 4 Story barrel front gem is in need of a complete renovation but there are still some period doors, mantles, woodwork and an original center staircase. Built 19.5 x 47 on a 135.58 lot and there are extensions in the cellar, garden & parlor levels that reach roughly 60 ft deep! Seller plans to deliver the building with a Certificate of No Harassment which should allow buyer to change/convert use of the building to a Single Family, Two Family, etc... Another option is to keep current usage as 10 units and maximize the rent roll with the changing short term rental laws. Located Between: Nostrand Ave & New York Ave Block / Lot: 1241 / 21 Building Class: C3 Zoning: R6 Historic District: Crown Heights North Historic District II Taxes: $11,148 +/- Lot: 19.5 x 135.58 Lot SF: 2,491 SF +/- Unused FAR: 2,400 SF +/- Built 19.5 x 47 * extensions in cellar, garden & parlor levels Estimated Interior SF Cellar 979 SF +/- Garden 1,081 SF +/- Parlor 1,131 SF +/- 3rd Floor 910 SF +/- 4th Floor 910 SF +/- Building SF: 4,034 SF +/- * not including cellar Total Building SF: 5,013 SF +/- Certificate of No Harassment (CONH) was granted and issued on August 15, 2005. CONH expired and building currently has SRO status with 10 Class B Units. Building has been vacant for 18 years. CONH was refiled for and reissuance is anticipated soon. Contact us for more information.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$602 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,570 SF

ZONING

R6

APN/PARCEL ID

01241-0021

ASK ABOUT THIS PROPERTY

Joseph DimaCorcoran GroupMore Info
917-923-0120

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Joseph DimaCorcoran GroupMore Info
917-923-0120

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