1146 St Marks Ave Brooklyn, NY 11213

Property Details for 1146 St Marks Ave

Year built

1910

Property size

3,200 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a well-maintained, all-brick four-unit apartment building located at 1146 St Marks Ave, Brooklyn, NY 11213. Built in 1910, this two-story property sits on a 3,130 square foot lot and offers a total of 3,200 square feet of net rentable space. The building is zoned R6 and features four units, providing a solid foundation for rental income. Currently vacant, the property boasts a projected gross potential income of $129,240, with a net operating income (NOI) of $119,460. Expenses are minimal, covering heat, solar, and maintenance. Adding to its appeal is a fully finished basement with an exterior exit, a spacious three-car detached garage, and ample driveway parking. Its prime Crown Heights location offers easy access to public transportation, shopping, and major parkways, making it highly attractive to tenants. The asking price for this income-generating property is $2,500,000. This represents a compelling opportunity for investors seeking a stable and potentially high-return investment in a desirable Brooklyn neighborhood. The property's solid construction, ample parking, and convenient location combine to create a truly attractive investment prospect.