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Investment Highlights

  • The building is a calm well maintained property of like minded individuals who enjoy living there.

Executive Summary

This is a well maintained property...CASH flowing...with HUGE UPSIDE!
This is a perfect investment for someone just starting in real estate ownership, a 1031 Exchange or someone with a great redevelopment mind. The building is well maintained, has a lower level that can be monetized as well as several apartments that modernized will command a much higher rent. Add a Butterfly system and add 7%
All Documented free market units
48 hours notice
I have others

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $260,076 $75.25
Other Income - -
Vacancy Loss - -
Effective Gross Income $260,076 $75.25
Taxes - -
Operating Expenses - -
Total Expenses $49,400 $14.29
Net Operating Income $210,676 $60.96

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $260,076
Annual Per SF $75.25
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $260,076
Annual Per SF $75.25
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $49,400
Annual Per SF $14.29
Net Operating Income
Annual $210,676
Annual Per SF $60.96

Property Facts

Price $3,695,000
Price Per Unit $461,875
Sale Type Investment
Cap Rate 5.70%
Sale Conditions
1031 Exchange
  • Redevelopment Project
Gross Rent Multiplier 14.42
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Size 3,456 SF
Average Occupancy 100%
No. Stories 4
Year Built/Renovated 1900/1996
Zoning R6B - Mostly residential brownstones- 50 ft height restriction- 2 FAR-Historic District

Amenities

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Gas Range
  • Walk To Campus

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - -
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
02097-0143
Land Assessment
$6,750 (2025)
Improvements Assessment
$1,203,750 (2025)
Total Assessment
$1,210,500 (2025)
  • Listing ID: 40244843

  • Date on Market: 10/5/2025

  • Last Updated:

  • Address: 10 Fort Greene Pl, Brooklyn, NY 11217

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