92 Fort Greene Place | 92 Fort Greene Pl
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92 Fort Greene Place 92 Fort Greene Pl
5 Unit Apartment Building $5,750,000 ($1,150,000/Unit) 3% Cap Rate Brooklyn, NY 11217
Investment Highlights
- Laundry
- Upgrades
- Individual Storage
Executive Summary
Calling investors, developers and end users!
Welcome to a rare opportunity to own a property that hasn't been on the market in over 40 years! Located in the heart of Fort Greene, this building offers incredible potential for future growth. Many of the units have been recently renovated and are currently priced below market value. The building includes desirable amenities like a laundry room and individual storage units for each apartment.
The first-floor unit is a spacious 2-bedroom duplex with its own private garden, high ceilings and beautiful original detail, while the second and third floors feature comfortable one-bedroom units. The fourth and fifth floors house sun light studio apartments. Each unit comes with a large storage space, and the building offers convenient on-site laundry facilities.
Consideration for a condo conversion, or single family usage as well.
Situated in a prime location, the property is just minutes from Atlantic Terminal, Fort Greene Park, BAM Theater, Brooklyn Hospital, and several office buildings. It’s also well-connected to major subway lines.
With low operating expenses and numerous upgrades over the years, this building is a fantastic investment opportunity in a vibrant and rapidly growing neighborhood.
Welcome to a rare opportunity to own a property that hasn't been on the market in over 40 years! Located in the heart of Fort Greene, this building offers incredible potential for future growth. Many of the units have been recently renovated and are currently priced below market value. The building includes desirable amenities like a laundry room and individual storage units for each apartment.
The first-floor unit is a spacious 2-bedroom duplex with its own private garden, high ceilings and beautiful original detail, while the second and third floors feature comfortable one-bedroom units. The fourth and fifth floors house sun light studio apartments. Each unit comes with a large storage space, and the building offers convenient on-site laundry facilities.
Consideration for a condo conversion, or single family usage as well.
Situated in a prime location, the property is just minutes from Atlantic Terminal, Fort Greene Park, BAM Theater, Brooklyn Hospital, and several office buildings. It’s also well-connected to major subway lines.
With low operating expenses and numerous upgrades over the years, this building is a fantastic investment opportunity in a vibrant and rapidly growing neighborhood.
Property Facts
| Price | $5,750,000 | Apartment Style | Mid Rise |
| Price Per Unit | $1,150,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 3% | Building Size | 3,454 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1930 |
| Price | $5,750,000 |
| Price Per Unit | $1,150,000 |
| Sale Type | Investment |
| Cap Rate | 3% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 3,454 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1930 |
Unit Amenities
- Storage Space
- Hardwood Floors
- Garden
Site Amenities
- Courtyard
- Laundry Facilities
- Playground
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+5 | 5 | - | - |
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $698,400 | |
| Land Assessment | $513,900 | Total Assessment | $1,212,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$513,900
Improvements Assessment
$698,400
Total Assessment
$1,212,300
zoning
| Zoning Code | R6B (R6 - Medium density residential district) |
| R6B (R6 - Medium density residential district) |
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92 Fort Greene Place | 92 Fort Greene Pl
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