641 Central Ave Brooklyn, NY 11207-2160
Property profile & analytics
641 Central Ave Brooklyn, NY 11207-2160
- Apartment buildings
- 5,000 SF
- 0.06 lot acres
Property ID
US63-0870904
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 641 Central Ave
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 5,000 SF
- Zone code
- R6
- Property type
- Apartment buildings
- APN
- 03441-0008
- APU
- 34410008
Description
This meticulously maintained, three-story apartment building at 641 Central Ave in Brooklyn, NY, presents a compelling investment opportunity. Boasting 5,000 square feet and eight free-market units, this property offers a 6.55% cap rate at an asking price of $2,950,000. The building benefits from significant natural light and air due to its 120-foot corner frontage, allowing for efficient unit layouts. Converted from a four-family to an eight-family dwelling via an alteration 1, this property is entirely free of DHCR regulation. Its convenient location, just two blocks from the Wilson Avenue L-train, provides easy access to North Bushwick, Williamsburg, and Manhattan within 25 minutes. The building is classified under the protected 2A Tax Class, limiting annual tax increases to a maximum of 8% or 30% over five years. Recent renovations and ongoing meticulous maintenance eliminate the need for immediate capital improvements, ensuring a smooth transition for the new owner. The property is zoned R6 and situated in Kings County, zip code 11207. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a rapidly appreciating Brooklyn neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9069
- Latitude
- 40.688
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,637
$9,000
$466,650
$475,650
-
$20,000
$1,037,000
$1,057,000
