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Clinton Hill — 100% Free-Market Multifamily 1071-1079 Fulton St 30 Unit Apartment Building $18,500,000 ($616,667/Unit) 6.90% Cap Rate Brooklyn, NY 11238
Investment Highlights
- 110’ ft of frontage on Fulton Street
- Within walking distance to the Franklin Avenue Station ( trains)
- Prime location in Clinton Hill near Atlantic Avenue, steps away from Barclay’s Center
- 100% Free-Market
Executive Summary
DETAILS & HIGHLIGHTS
Fully renovated turn-key 7-story elevator building consisting of 30 apartments and 1 commercial space (2,525 SF for the retail space)
All units equipped with washer & dryer, and dishwashers
Building amenities include: roof deck, bike room, package room, virtual doorman, common area
lounge & parking spots w/electric car charger.
Fully renovated turn-key 7-story elevator building consisting of 30 apartments and 1 commercial space (2,525 SF for the retail space)
All units equipped with washer & dryer, and dishwashers
Building amenities include: roof deck, bike room, package room, virtual doorman, common area
lounge & parking spots w/electric car charger.
Property Facts
| Price | $18,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $616,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 6.90% | Building Size | 27,309 SF |
| No. Units | 30 | No. Stories | 7 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 0.15/1,000 SF |
| Zoning | R7A, C2-4 - Stores & Residential | ||
| Price | $18,500,000 |
| Price Per Unit | $616,667 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 27,309 SF |
| No. Stories | 7 |
| Year Built | 2005 |
| Parking Ratio | 0.15/1,000 SF |
| Zoning | R7A, C2-4 - Stores & Residential |
Amenities
Unit Amenities
- Tub/Shower
Site Amenities
- Courtyard
- Fenced Lot
- Picnic Area
- Playground
- Basketball Court
- Cabana
- Car Wash Area
- Putting Greens
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 30 | - | - |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 01993-0003 | Improvements Assessment | $2,084,850 |
| Land Assessment | $118,350 | Total Assessment | $2,203,200 |
Property Taxes
Parcel Number
01993-0003
Land Assessment
$118,350
Improvements Assessment
$2,084,850
Total Assessment
$2,203,200
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Clinton Hill — 100% Free-Market Multifamily | 1071-1079 Fulton St
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