9027 Fort Hamilton Pky - Apartments FOR SALE


Brooklyn, NY 11209
$1,639,000 USD
718-360-8801
9027 Fort Hamilton Pky, Brooklyn, NY for Sale
$1,639,000 USD
Apartments - FOR SALE
1/9
null | 6.16% Cap Rate

9027 Fort Hamilton Pky
Brooklyn, NY 11209


HIGHLIGHTS

  • FANTASTIC FREE MARKET 5 FAMILY SOLID BRICK 3 STORY BUILDING IN A MOST DESIRABLE & CONVENIENT BAY RIDGE/FORT HAMILTON LOCATION
  • AN OUTSTANDING OPPORTUNITY FOR ALL SAVVY INVESTORS -FREE MARKET RENTS/NOT RENT STABILIZED/ OR END-USERS TO OWN A PRIME PIECE OF PROPERTY
  • THIS FABULOUS 5 FAMILY BUILDING IS IN WELL-MAINTAINED CONDITION, WITH MANY UPGRADES.

OVERVIEW

Investment Property Realty Group (IPRG) is pleased to exclusively present this fully free-market 5 family apartment building. The property is located at 9027 Fort Hamilton Parkway between 90th and 92nd Street in the Bay Ridge neighborhood of Brooklyn. The subject property totals approximately 4,176 square feet and is built 21.42 ft wide by 65 ft deep on a lot that extends 75.08 feet deep. The property is in the highly sought after 2A protected tax class and free-market units allow for a significant value-add opportunity. The property is a short walking distance to the Bay Ridge - 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn. HIGHLIGHTS • Bay Ridge fully-free market 5 family • Legitimate value-add opportunity - current rent roll averaging $24/SF in a market achieving $35+ / SF • 100% free-market and in protected tax class 2A - rent growth outpaces expenses • Long-term family ownership • Close proximity to 86th Street as well as 3rd and 5th Avenue retail corridors • Short walk to Bay Ridge 95th Street [R] Train Station • Excellent location in Bay Ridge – extremely reliable sub-market with strong fundamentals

FOR SALE DETAILS

PRICE

$1,639,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

5

PRICE/UNIT

$327,800

CAP RATE

6.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9027 Ft Hamilton Pkwy.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,833 SF

ZONING

R5B, BR

APN/PARCEL ID

06090-0013

ASK ABOUT THIS PROPERTY

Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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