93 6Th Ave Brooklyn, NY 11217
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 93 6Th Ave
- Year built
- 1920
- Property type
- Apartment buildings
Description
This exceptional 7-unit multifamily building at 93 6th Avenue in Brooklyn's coveted Park Slope neighborhood, bordering Prospect Heights, presents a rare investment opportunity. Located in a historic district, this property boasts a strong financial performance with a Net Operating Income (NOI) of $161,103 and a compelling 4.60% capitalization rate. The asking price is $3,500,000, making it an attractive proposition for 1031 exchange buyers. Built in 1920, the building comprises seven apartments: a garden apartment on the ground floor and two one-bedroom units on each of the second, third, and fourth floors. Currently, two units are vacant – one market-rate and one rent-stabilized, offering potential for increased revenue. The building is equipped with an oil-forced air heating system. This is a unique asset, having been owned by the same individual for over four decades and now offered for sale for the first time in many years. The property's prime location in a desirable Brooklyn neighborhood, combined with its strong financial performance and historical significance, makes it an ideal investment for discerning buyers. Kings County location, zip code 11217.
Value Estimation
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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
- -73.9751
- Latitude
- 40.6794
