174 15th St 8 Unit Apartment Building $3,500,000 ($437,500/Unit) 4.91% Cap Rate Brooklyn, NY 11215
EXECUTIVE SUMMARY
An Investors Dream with Fantastic Cash Flow
Amiri NYC is pleased to offer for sale the building 174 15th in prime South Park Slope. Consisting of 5 stories (including the basement), each floor includes two massive 2-bedroom apartments with fantastic natural light for a total of eight residential units. Each apartment is close to 1,000 SF. Laundry machines were installed recently to provide optimal convenience for the residents.
The building is turn-key and fully occupied with major improvements and renovations being completed on a regular basis since 2019 including covering from oil to gas, installing new meters, updating gas lines, roof replacement, and unit renovations. This opportunity is rare. Please contact Behzad for full building details.
Located in prime South Park Slope, on 15th street between 5th and 4th Avenues, it doesn’t get more convenient thank this. Cafes, restaurants, gyms (Blink and Harbor Fitness on the corner) groceries, shopping, parks and transportation are mere blocks away.
*Building Summary:*
- Lot size: 31’ x 105’ Semi-detached
- 5 Stories (including basement)
- Building size 27’ x 90’
- Building SF: 8,400 (overbuilt)
- Residential Units: 8
- Average Residential Size 1,000
- FAR 2
Amiri NYC is pleased to offer for sale the building 174 15th in prime South Park Slope. Consisting of 5 stories (including the basement), each floor includes two massive 2-bedroom apartments with fantastic natural light for a total of eight residential units. Each apartment is close to 1,000 SF. Laundry machines were installed recently to provide optimal convenience for the residents.
The building is turn-key and fully occupied with major improvements and renovations being completed on a regular basis since 2019 including covering from oil to gas, installing new meters, updating gas lines, roof replacement, and unit renovations. This opportunity is rare. Please contact Behzad for full building details.
Located in prime South Park Slope, on 15th street between 5th and 4th Avenues, it doesn’t get more convenient thank this. Cafes, restaurants, gyms (Blink and Harbor Fitness on the corner) groceries, shopping, parks and transportation are mere blocks away.
*Building Summary:*
- Lot size: 31’ x 105’ Semi-detached
- 5 Stories (including basement)
- Building size 27’ x 90’
- Building SF: 8,400 (overbuilt)
- Residential Units: 8
- Average Residential Size 1,000
- FAR 2
PROPERTY FACTS
| Price | $3,500,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 8,400 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6 - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 of 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 01047-0020 | Improvements Assessment | $1,069,200 |
| Land Assessment | $12,600 | Total Assessment | $1,081,800 |
