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    Lawrence Ave Brooklyn, NY 11230

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    For Sale
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    Twelve Units, High-Potential Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two adjacent six-family brick apartment buildings in Brooklyn, New York, totaling twelve units. Situated on a generous 48x100 lot, this property offers significant upside potential. The buildings benefit from R5 and R7 zoning, allowing for a buildable footprint of 48x71. Currently generating an annual rental income of $278,000, a comprehensive analysis reveals a potential to increase the annual rent roll to $402,800. This represents a substantial increase in revenue and a strong return on investment. The property's location in the 11230 zip code of Kings County provides easy access to various amenities and transportation options. The brick construction ensures durability and longevity, minimizing maintenance costs. This package deal presents a rare chance to acquire a well-established multifamily property with significant room for growth and value appreciation. The existing rental income provides immediate cash flow, while the zoning and lot size offer exciting possibilities for future development or expansion. This is an ideal investment for experienced real estate investors seeking a high-yield property in a prime Brooklyn location. Detailed financial statements and property information are available upon request.

    Property Features for 0 Lawrence Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Exceptional investment opportunity: Two adjacent six‑unit brick buildings, totaling twelve apartments.
    • 4,800 square foot lot (48' x 100').
    • R5 and R7 zoning allows for potential expansion.
    • Current annual rent roll: $278,000.
    • Potential annual rent roll increase to $402,800.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9750762
    Latitude
    40.6299503

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    FAQs

    What type of property is this?
    Multifamily property - Twelve Units, High-Potential Income
    Where is this multifamily property located?
    The property is located at Lawrence Ave Brooklyn, NY.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two adjacent six-unit brick buildings, totaling twelve apartments.; 4,800 square foot lot (48' x 100').; R5 and R7 zoning allows for potential expansion.
    Request Owner's contact information
    Lawrence Ave Brooklyn, NY 11230
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lawrence Ave Brooklyn, NY 11230
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