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885-889 Park Ave
Brooklyn, NY 11206
Multifamily Property For Sale
·
34 Units
Investment Highlights
- 100% FM Elevator property with 100+ feet of frontage on Park Avenue in Bedstuy
- Existing rents are 20%+ below market due to Covid-19 discount
- Up-and-coming Neighborhood
- Large loft units with the ability to increase rents with cosmetic upgrades
- Excellent transportation options
Property Facts
| No. Units | 34 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 57,125 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1920/2018 |
| Building Class | B | ||
| Zoning | C4-4L - C4-4L Zoning is a General Commercial Contextual Zoning district in NYC. In C4-4L you can build a variety of commercial building uses, community facilities and more. | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 57,125 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1920/2018 |
| Zoning | C4-4L - C4-4L Zoning is a General Commercial Contextual Zoning district in NYC. In C4-4L you can build a variety of commercial building uses, community facilities and more. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Vintage Building
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 34 | - | 650 - 950 |
Property Taxes
| Parcel Number | 01579-0037 | Improvements Assessment | $3,555,450 |
| Land Assessment | $154,800 | Total Assessment | $3,710,250 |
Property Taxes
Parcel Number
01579-0037
Land Assessment
$154,800
Improvements Assessment
$3,555,450
Total Assessment
$3,710,250
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