2414 1St St Brooklyn, NY 11223
- Apartment buildings
- 3,300 SF
- 0.09 lot acres
Current Use by Public Records
- DOVO H Construction Inc / Construction Company
Property Details for 2414 1St St
- Year built
- 1931
- Lot size
- 0.09 lot acres
- Property size
- 3,300 SF
- Zone code
- R4
- Property type
- Apartment buildings
- APN
- 07194-0012
- APU
- 71940012
Description
This exceptional investment opportunity presents a rare chance to acquire a detached seven-unit apartment building situated on a sizable 6,000 square foot double lot in the desirable Gravesend area of Brooklyn, New York. The property, located at 2414-2418 West 1st Street, boasts a total of 1,650 square feet and is comprised of two stories. The asking price for this multifamily property is $3,000,000, translating to approximately $1,818.18 per square foot and $428,571.43 per unit. A key advantage is the inclusion of six parking spots, a highly sought-after amenity in this location. The building's address is 2414-2418 West 1st Street, Brooklyn, NY 11223, within Kings County. This property presents a compelling investment prospect due to its size, location, and the inherent value of a multi-unit building with ample parking in a competitive market. The property's substantial lot size offers potential for future development or expansion, further enhancing its long-term investment potential. This is a unique opportunity to acquire a well-positioned, income-generating asset in a thriving Brooklyn neighborhood. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,230,000
- 6.5%
- $2,400,000
- 7%
- $2,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,305,000
- Geo Method
- $2,290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,065,000
- Retail
- $2,245,000
- Mixed-Use
- $1,770,000
- Hospitality
- $1,840,000
- Educational
- $2,040,000
- Residential Income
- $1,965,000
- Energy
- $1,865,000
- Income-Based Land
- $1,770,000
- Food Service
- $1,865,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9714
- Latitude
- 40.59
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
