New Construction Investment
239 Marcus Garvey Boulevard, Brooklyn, NY 11221
- Added:
- Nov 21, 2024
- Days on Market:
- 549
- Last Refresh:
- Apr 3 at 5:03 am
Property Features for 239 Marcus Garvey Boulevard
General Information
- Standard status
- Active
- Property subtype
- MF
Listing agent Jeremy Ogur License #1040135971, New York (516) 647-1782
Listing office KW Commercial | Franklin Square | Jeremy Ogur (516) 647-1782
Listing date Nov 21, 2024
Source Realnex
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Franklin Square | Jeremy Ogur
HighLights
- New construction completed in 2024.
- Portfolio includes two buildings: 239 and 241 Marcus Garvey Blvd.
- Total of 14 free market units (6 at 239 and 8 at 241).
- Multiple units at 241 Marcus Garvey Blvd are currently leased with lease end dates in 2025, providing immediate income.
- Unit 5 at 241 Marcus Garvey Blvd is a larger 3‑bedroom, 2‑bath unit, generating higher rent.
- Opportunity for increased rental income by leasing the vacant units at 239 Marcus Garvey Blvd.
Overview
Offered for sale are two apartment buildings at 239 and 241 Marcus Garvey Blvd, constructed in 2024. The properties feature a total of 14 free-market units: six units at 239 Marcus Garvey Blvd and eight units at 241 Marcus Garvey Blvd. At 241 Marcus Garvey Blvd, approximate monthly expenses include $173.08 for fire alarm, $50 for exterminator, $41.67 for utilities, $50 for internet/cameras, $787.10 for insurance, $680 for real estate taxes, and $208.33 for maintenance. The monthly rent roll for 241 Marcus Garvey Blvd is as follows: Unit 1 & Back Storage Room, a studio with 1 bath, rents for $2,200; Unit 2A, a 1-bedroom, 1-bath unit, rents for $2,400 with the lease ending in July 2025; Unit 2B, a 1-bedroom, 1-bath unit, rents for $2,150 with the lease ending in April 2025; Unit 3A, a 1-bedroom, 1-bath unit, rents for $2,100 with the lease ending in June 2025; Unit 3B, a 1-bedroom, 1-bath unit, rents for $2,350 with the lease ending in June 2025; Unit 4A, a 1-bedroom, 1-bath unit, rents for $2,100 with the lease ending in June 2025; Unit 4B, a 1-bedroom, 1-bath unit, is currently empty; and Unit 5, a 3-bedroom, 2-bath unit, rents for $2,950 with the lease ending in June 2025. At 239 Marcus Garvey Blvd, approximate monthly real estate taxes are $2,750. The monthly rent roll for 239 Marcus Garvey Blvd lists Unit 1A, a 2-bedroom, 1.5-bath unit, as empty; Unit 2A Duplex, a 1-bedroom, 1.5-bath unit, as empty; Unit 2B, a 1-bedroom, 1.5-bath unit, as empty; Unit 3B, a 1-bedroom, 1-bath unit, as empty; Unit 4A Duplex, a 1-bedroom, 1.5-bath unit, as empty; and Unit 4B, a 1-bedroom, 1-bath unit, as empty.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.939076
- Latitude
- 40.689548
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two new construction apartment buildings offered together as investment.
Where is this apartment building located?
The property is located at 239 Marcus Garvey Boulevard Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: New construction completed in 2024.; Portfolio includes two buildings: 239 and 241 Marcus Garvey Blvd.; Total of 14 free market units (6 at 239 and 8 at 241).
