713 Prospect Pl Brooklyn, NY 11216
- Apartment buildings
- 10,525 SF
Current Use by Public Records
- Apartment buildings
Property Details for 713 Prospect Pl
- Year built
- 2019
- Property size
- 10,525 SF
- Property type
- Apartment buildings
Description
This exceptional 10-unit apartment building, located at 713 Prospect Place in the desirable Crown Heights neighborhood of Brooklyn, New York (zip code 11216), presents a lucrative investment opportunity. Built in 2019, this five-story building boasts a total of 10,525 square feet situated on a 2,500 square foot lot. The property features a compelling asking price of $6,130,000, translating to $613,000 per unit and a price per square foot of $582. With a strong net operating income (NOI) of $398,450, this property offers a desirable 6.50% capitalization rate. The building is zoned R6A. C2-4, allowing for a variety of potential uses. This prime location offers easy access to public transportation and a vibrant urban lifestyle. The building's modern construction and strong financial performance make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a high-quality, well-maintained multifamily property in a rapidly appreciating market. The property's strong cash flow and potential for future appreciation make it a compelling investment. Serious inquiries only.
Value Estimations
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9529
- Latitude
- 40.6747