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    2414 1St St Brooklyn, NY 11223

    Sponsored
    For Sale
    $3,000,000

    Seven-unit apartment building, great investment.

    Property size:
    1,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a rare chance to acquire a detached seven-unit apartment building situated on a sizable 6,000 square foot double lot in the desirable Gravesend area of Brooklyn, New York. The property, located at 2414-2418 West 1st Street, boasts a total of 1,650 square feet and is comprised of two stories. The asking price for this multifamily property is $3,000,000, translating to approximately $1,818.18 per square foot and $428,571.43 per unit. A key advantage is the inclusion of six parking spots, a highly sought-after amenity in this location. The building's address is 2414-2418 West 1st Street, Brooklyn, NY 11223, within Kings County. This property presents a compelling investment prospect due to its size, location, and the inherent value of a multi-unit building with ample parking in a competitive market. The property's substantial lot size offers potential for future development or expansion, further enhancing its long-term investment potential. This is a unique opportunity to acquire a well-positioned, income-generating asset in a thriving Brooklyn neighborhood. Serious inquiries are encouraged.

    Property Features for 2414 1St St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,650 SF

    Building Details

    Stories
    2
    Units
    7

    HighLights

    • $3,000,000 asking price for a seven‑unit multifamily apartment building.
    • 1,650 square feet building on a 6,000 square foot lot.
    • Seven units, two stories.
    • $1,818.18 price per square foot.
    • $428,571.43 price per unit.
    • Located at 2414 W 1st St, Brooklyn, NY 11223.
    Property Profile Location Intelligence

    Current Use by Public Records

    DOVO H Construction ... Construction Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.9712718
    Latitude
    40.5899729

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    FAQs

    What type of property is this?
    Multifamily property - Seven-unit apartment building, great investment.
    Where is this multifamily property located?
    The property is located at 2414 1St St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for a seven-unit multifamily apartment building.; 1,650 square feet building on a 6,000 square foot lot.; Seven units, two stories.
    Request Owner's contact information
    2414 1St St Brooklyn, NY 11223
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    Brooklyn, NY 11223
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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
    2414 1St St Brooklyn, NY 11223
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