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109 Saint Nicholas Ave Brooklyn, NY 11237

For Sale
$859,000

Six-unit apartment building in a developing Brooklyn neighborhood.

Lot size:
0.05 Acres

Property Features for 109 Saint Nicholas Ave

General Information

Lot size
0.05 Acres

Building Details

Year built
1931

Source: RE/MAX Team Agent Vincent O Connell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Brooklyn Multifamily Investment Opportunity

This is a six-family apartment building located in a developing Brooklyn neighborhood. The property features six apartments, each containing four rooms, and all are described to be in good condition. One of the units is a duplex apartment. The apartments are rent stabilized, generating an annual rent roll of $80,520. Annual expenses include $12,236 in taxes, $6,000 for insurance, $5,000 for heating, and $1,000 for electricity.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.918314
Latitude
40.705816

FAQs

What type of property is this?
Apartment building - Six-unit apartment building in a developing Brooklyn neighborhood.
Where is this apartment building located?
The property is located at 109 Saint Nicholas Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: - Annual rent roll of $80,520.; - Six apartments, including one duplex.; - All apartments are rent stabilized.
More about this property
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