Property summary
This exceptional 8-unit apartment building presents a unique investment opportunity in Brooklyn's vibrant Ocean Hill neighborhood, bordering Crown Heights and BedStuy. The property boasts a total of 6,720 square feet across four stories, situated on a 20 ft x 107.17 ft lot. Currently vacant and newly renovated, this multifamily property offers immediate potential for rental income generation. Each of the eight units is ready for occupancy, providing flexibility for various rental strategies. The building's location offers convenient access to public transportation, with the A/C subway line within walking distance, ensuring easy commutes for potential tenants. The asking price is $2,450,000, translating to $364.58 per square foot. This represents a compelling value proposition in a rapidly appreciating market. The property's size and location make it an ideal investment for both seasoned and emerging real estate investors seeking strong returns in a desirable Brooklyn neighborhood. The vacant status allows for immediate control and customization of rental strategies, maximizing potential income. This is a rare opportunity to acquire a turnkey multifamily property in a prime Brooklyn location.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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