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100 Remsen St 78 Unit Apartment Building $44,000,000 ($564,103/Unit) Brooklyn, NY 11201
INVESTMENT HIGHLIGHTS
- Prime Brooklyn Heights location steps from the Promenade.
- Excellent transit access via multiple subway lines.
- Connectivity is exceptional, with multiple subway lines (2, 3, A, C, R, F) providing quick access to Downtown Brooklyn and Manhattan.
- Significant value-add potential upon ground lease expiration.
- Surrounded by upscale dining, retail, and cultural institutions.
EXECUTIVE SUMMARY
Located in the heart of Brooklyn Heights, 100 Remsen Street represents a rare investment opportunity in one of New York City’s most prestigious neighborhoods. This 8-story cooperative building spans approximately 65,920 square feet and includes 78 residential units and two office spaces. With 16 years remaining on the ground lease, the property offers significant upside potential upon expiration, creating a pathway for conversion to rental or condominium units.
The building boasts condo-quality finishes, a testament to its enduring appeal and strong positioning in a market where demand consistently outpaces supply. Situated just steps from the Brooklyn Heights Promenade, residents enjoy sweeping views of Manhattan and proximity to cultural landmarks, boutique retail, and acclaimed dining. Connectivity is exceptional, with multiple subway lines (2, 3, A, C, R, F) providing quick access to Downtown Brooklyn and Manhattan.
Brooklyn Heights remains one of NYC’s fastest-growing rental markets, fueled by historic charm and limited new development. With an average household income of $243,020 and a five-year CAGR of 13.5%, the neighborhood attracts professionals and families seeking a blend of elegance and convenience. This asset’s strategic location and future redevelopment potential make it an ideal choice for investors looking to capitalize on long-term growth.
The building boasts condo-quality finishes, a testament to its enduring appeal and strong positioning in a market where demand consistently outpaces supply. Situated just steps from the Brooklyn Heights Promenade, residents enjoy sweeping views of Manhattan and proximity to cultural landmarks, boutique retail, and acclaimed dining. Connectivity is exceptional, with multiple subway lines (2, 3, A, C, R, F) providing quick access to Downtown Brooklyn and Manhattan.
Brooklyn Heights remains one of NYC’s fastest-growing rental markets, fueled by historic charm and limited new development. With an average household income of $243,020 and a five-year CAGR of 13.5%, the neighborhood attracts professionals and families seeking a blend of elegance and convenience. This asset’s strategic location and future redevelopment potential make it an ideal choice for investors looking to capitalize on long-term growth.
PROPERTY FACTS
| Price | $44,000,000 | Building Class | C |
| Price Per Unit | $564,103 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 65,920 SF |
| No. Units | 78 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium density residential district | ||
| Price | $44,000,000 |
| Price Per Unit | $564,103 |
| Sale Type | Investment |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 65,920 SF |
| No. Stories | 8 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Doorman
- Package Service
- Bicycle Storage
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 63 | - | - |
| 2+2 | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (90)
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VIDEOS
MATTERPORT 3D EXTERIOR
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100 Remsen St
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