51-55 Veronica Pl Brooklyn, NY 11226
- Apartment buildings
- 10,656 SF
Current Use by Public Records
- Apartment buildings
Property Details for 51-55 Veronica Pl
- Year built
- 2020
- Property size
- 10,656 SF
- Property type
- Apartment buildings
Description
Exceptional investment opportunity in Brooklyn, NY, presents a 14-unit apartment building at 51-55 Veronica Place, boasting a 100% occupancy rate and a strong NOI of $322,945. This Class C multifamily property, built in 2020, comprises seven buildings with four stories each, totaling 10,656 square feet on a 3,525 square foot lot. The asking price is $6,399,999, or $457,000 per unit, representing a price per square foot of $48. Each unit features quality finishes including stainless steel appliances, recessed lighting, split A/C and personal heating units, and in-unit washer/dryers. The property benefits from its location in a quiet residential area, conveniently close to public transportation (2, 5, B, and Q subway lines, and B12, B35, B44, and B49 bus routes), and within walking distance of Kings Theater, Prospect Park, SUNY Downstate Medical School, Brooklyn College, Kings County Hospital, and ample shopping on Church and Flatbush Avenues. The property is zoned R6 and offers a path to fully free-market apartments after abatement. Tenants are responsible for their own heating costs. This new construction offers low maintenance and a secure investment with a fully occupied building.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9527
- Latitude
- 40.6492
