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1886 Eastern Pkwy 1886 Eastern Pkwy

6 Unit Apartment Building $1,600,000 ($266,667/Unit) 7% Cap Rate Brooklyn, NY 11233

Apartment Buildings New York Brooklyn 1886 Eastern Pkwy, Brooklyn, NY 11233

Investment Highlights

  • Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
  • Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
  • Efficient Layouts: Large air shaft provides spacious and bright unit layouts.
  • Available Air Rights: There are roughly 2,760 unused air rights for future expansion, development, or disposition.
  • Transportation Accessibility: 4 blocks to Broadway Junction, with L, J, Z, A, & C trains, offering access to Williamsburg, Downtown Brooklyn.
  • Low Maintenance: Building was fully renovated in 2018 and has been meticulously maintained since, with no need for short term capital improvements.

Executive Summary

Broker of Record
Cory Rosenthal
License No. 10311210106 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price $1,600,000 Apartment Style Low Rise
Price Per Unit $266,667 Building Class B
Sale Type Investment Lot Size 0.05 AC
Cap Rate 7% Building Size 3,240 SF
No. Units 6 No. Stories 3
Property Type Multifamily Year Built 1910
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $1,600,000
Price Per Unit $266,667
Sale Type Investment
Cap Rate 7%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.05 AC
Building Size 3,240 SF
No. Stories 3
Year Built 1910
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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Walker's Paradise (90)
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Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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PROPERTY TAXES

Parcel Number 01571-0009 Improvements Assessment $345,240
Land Assessment $3,600 Total Assessment $348,840

PROPERTY TAXES

Parcel Number
01571-0009
Land Assessment
$3,600
Improvements Assessment
$345,240
Total Assessment
$348,840

zoning

Zoning Code R6
R6
(914) 584-7422

  • Listing ID: 33707946

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 1886 Eastern Pkwy, Brooklyn, NY 11233

More public record information on 1886 Eastern Pkwy, Brooklyn, NY 11233

The Multifamily Property at 1886 Eastern Pkwy, Brooklyn, NY 11233 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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1886 Eastern Pkwy | 1886 Eastern Pkwy
(914) 584-7422 x

1886 Eastern Pkwy | 1886 Eastern Pkwy

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DJ Johnston

(914) 584-7422

(914) 584-7422

Henry Hill

(718) 874-8539

(718) 874-8539

Bryan Kirk

(646) 868-0045

(646) 868-0045

Jermaine Pugh

(718) 701-5129

(718) 701-5129

Bobby Lawrence

(718) 554-0337

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