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Brooklyn Apartment Buildings for Sale
Apartment Buildings For Sale in Brooklyn
Brooklyn offers a strong case for CRE investing, especially in apartment buildings, with its comprehensive infrastructure, strong economy, and wide range of educational options. Its transport system, which includes bridges and tunnels to Manhattan, provides excellent access and connectivity. The job market in Brooklyn is strong, with industries from technology to services, and the presence of cultural and educational institutions creates a lively living environment. With its geographical diversity, including waterfronts and urban areas, and a high population density, there is a clear demand for apartment living spaces, making them a suitable investment.
Apartment buildings in Brooklyn have the advantage of being close to the Brooklyn Navy Yard and the Brooklyn Tower, the tallest building in the borough. This not only makes residential units more appealing but also offers economic and job opportunities for residents. Retail spaces in Brooklyn cater to a diverse consumer base with a mix of local shops and national brands. Shopping centers offer a place for shopping and socializing, adding to the community's vitality. Office spaces throughout Brooklyn support the startup scene and established companies, enhancing economic diversity. For property owners considering a 1031 exchange, Brooklyn's real estate market includes apartment buildings that could meet your requirements. The variety of property types, from residential income homes to innovative office spaces, means there are investment opportunities for different preferences and strategies.
Learn About Apartment Buildings For Sale in Brooklyn
How many apartment buildings listings are available for sale in Brooklyn?
There are currently 267 apartment buildings listings available for sale in Brooklyn.
What factors should I consider when searching for Apartment Buildings for Sale in Brooklyn?
When looking for apartment buildings for sale in Brooklyn, it's important to assess the local economic landscape, the proximity to essential infrastructure and amenities, as well as the specific location and visibility of the property. Consider the following points:
- Brooklyn’s economy is diverse, with a strong presence of technology, services, and manufacturing sectors, influencing both the demand for and value of apartment buildings.
- The borough boasts extensive transportation links, including several bridges and subway routes, which can be a significant advantage for properties located near these amenities.
- Understanding the local market and competition is crucial, especially considering Brooklyn’s standing as a destination for both startups and established businesses, impacting rental demand.
How much does it cost to buy an apartment building in Brooklyn?
The cost to buy an apartment building in Brooklyn can vary. The average price per square foot for apartment buildings is $558, with an average size of 13,357 SF.
What is the largest apartment building available to buy in Brooklyn?
The largest apartment building available to buy in Brooklyn spans 219,627 SF.
Size Summary For Brooklyn Apartment Buildings
| Apartment Building Size | Square Feet |
|---|---|
| Maximum | 219,627 SF |
| Average | 13,357 SF |
| Minimum | 300 SF |
Cap Rate for Brooklyn Apartment Buildings
| Apartment Building Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 9.6% |
| Average | 6.19% |
| Minimum | 1.6% |
Prices for Brooklyn Apartment Buildings
| Apartment Building Price | Price Per SF |
|---|---|
| Maximum | $3,889 Per SF |
| Average | $558 Per SF |
| Minimum | $17 Per SF |
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