51-55 Veronica Pl
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51-55 Veronica Pl
14 Unit Apartment Building $6,095,000 ($435,357/Unit) 5.42% Cap Rate Brooklyn, NY 11226
INVESTMENT HIGHLIGHTS
- New Construction
- Fully Occupied
- 30 Year Tax Abatement
EXECUTIVE SUMMARY
Blackseeds property group has been exclusively retained to sell 51-55 Veronica Place. The property is located between Snyder Avenue and Erasmus Street in the Flatbush neighborhood of Brooklyn.
51-55 Veronica Place has 14 units, one, two, and three-bedroom apartments.
The building is four stories, built 74 ft x 34 ft offering approximately 10,565 square feet on 75 X 47 Lot. The property is located within walking distance of the 2,5, B, and Q subway lines, Kings Theater, Prospect Park, SUNY Downstate Medical School, Kings County Hospital and lots of shopping on Church and Flatbush Avenue. The building is being delivered fully tenanted with a 30year tax abatement. Please email seansears@live.com for more information. Please note the updated NOI is not reflected in the OM as yet.
51-55 Veronica Place has 14 units, one, two, and three-bedroom apartments.
The building is four stories, built 74 ft x 34 ft offering approximately 10,565 square feet on 75 X 47 Lot. The property is located within walking distance of the 2,5, B, and Q subway lines, Kings Theater, Prospect Park, SUNY Downstate Medical School, Kings County Hospital and lots of shopping on Church and Flatbush Avenue. The building is being delivered fully tenanted with a 30year tax abatement. Please email seansears@live.com for more information. Please note the updated NOI is not reflected in the OM as yet.
PROPERTY FACTS
| Price | $6,095,000 | Apartment Style | Mid Rise |
| Price Per Unit | $435,357 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 5.42% | Building Size | 11,340 SF |
| Sale Conditions | Build to Suit | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.53/1,000 SF |
| Price | $6,095,000 |
| Price Per Unit | $435,357 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| Sale Conditions | Build to Suit |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 11,340 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 0.53/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Hardwood Floors
- Stainless Steel Appliances
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Bicycle Storage
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 14 | $2,850 | - |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 05107-0091 | Improvements Assessment | $258,300 |
| Land Assessment | $73,350 | Total Assessment | $331,650 |
PROPERTY TAXES
Parcel Number
05107-0091
Land Assessment
$73,350
Improvements Assessment
$258,300
Total Assessment
$331,650
ZONING
| Zoning Code | R6 (R6 - Medium density residential district) |
| R6 (R6 - Medium density residential district) |
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Black Seeds Property Group
51-55 Veronica Pl
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