481 Monroe St
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481 Monroe St
6 Unit Apartment Building $1,399,000 ($233,167/Unit) Brooklyn, NY 11221
Investment Highlights
- Development site in the Bedford-Stuyvesant neighborhood of Brooklyn.
- The property is mid-construction and was previously approved for a 4-story walkup building consisting of 6 units
- Approved plans and Budget plan are available upon request.
- may be eligible for 421a Tax Abatement
Executive Summary
Asset CRG Advisors has been exclusively retained to facilitate the sale of 481 Monroe St, Brooklyn, NY 11221.
Located in the heart of Bed-Stuy, this stalled development site has been approximately 30% complete
May be eligible for 421A Tax Abatement
Currently in the mid-construction phase, this site was previously approved for a 4 story building that would consist of 6 condominiums. The approved plans and budget plan for this development are available upon request.
The property is located between Lewis Avenue & Marcus Garvey Blvd.
Asking $1,399,000
Located in the heart of Bed-Stuy, this stalled development site has been approximately 30% complete
May be eligible for 421A Tax Abatement
Currently in the mid-construction phase, this site was previously approved for a 4 story building that would consist of 6 condominiums. The approved plans and budget plan for this development are available upon request.
The property is located between Lewis Avenue & Marcus Garvey Blvd.
Asking $1,399,000
Property Facts
| Price | $1,399,000 | Apartment Style | Mid Rise |
| Price Per Unit | $233,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Sale Conditions | Distress Sale | Building Size | 5,034 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment |
| Price | $1,399,000 |
| Price Per Unit | $233,167 |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,034 SF |
| No. Stories | 4 |
| Year Built | 2019 |
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Walk Score ®
Very Walkable (87)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 01634-0072 | Improvements Assessment | $35,550 |
| Land Assessment | $121,500 | Total Assessment | $157,050 |
PROPERTY TAXES
Parcel Number
01634-0072
Land Assessment
$121,500
Improvements Assessment
$35,550
Total Assessment
$157,050
zoning
| Zoning Code | R6b |
| R6b |
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481 Monroe St
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