Listing Agency: Ariel Property Advisors

Listed By: Sean R. Kelly, Esq. · License #NY 10301203478

Source: Crexi

Added: Nov 21, 2023 Changed: Jul 6 Last Checked: Jul 6 at 8:41AM

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Investment Insights

Based on property information with market context.

This multifamily property is located in Brooklyn, New York. The building has a total size of 52,000 square feet. It is suitable for use as an apartment building or residential income property.

Key Highlights

• Multifamily property totaling 52,000 square feet.
• Located in Brooklyn, New York.

Property Analytics

Property Profile

Current Use

Greta Gertler Tutoring Service

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,194

Businesses Nearby

Explore this area Business Placement

Demographics for 11220, NY

105,797

Population

30,897

Households

3.4

Avg Household Size

35

Median Age

25%

College-Educated

62%

High-School Grad

1.7 sq mi

ZIP Area

62,234

Density / Sq Mi

$64,201

Median Household Income

$31,489

Median Earnings

$1,688

Median Rent

$1,021,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property in Brooklyn, New York, totaling 52,000 square feet.

Where is this apartment building located?

The property is located at 702 44th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $11,000,000.

What are key features of this property?

This property features: Multifamily property totaling 52,000 square feet.; Located in Brooklyn, New York.