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121 Henry St
Brooklyn, NY 11201
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Premium Location of Brooklyn Heights on Henry Between Clark and Pierrepont
- All Rear Units Offer an Extra Room that can be a Second Bedroom or Office
- Built in 1849 | True Piece of Brooklyn History
- 10 Family Brownstone with Eight Free-Market Units
- 25 Feet Wide Offering a Large Canvass for Possible Condo or Single-Family Development?
EXECUTIVE SUMMARY
The Brennan Team of Marcus & Millichap presents 121 Henry Street, a five-story brownstone building comprised of 10 residential apartments in the Brooklyn Heights neighborhood of Brooklyn, New York. The property is located between Clark Street and Pierrepont Street less than one block from the 2,3 subway lines.
The subject property was built in 1849 and measures approximately 25 feet by 49 feet deep on a lot?that extends 92.5 feet deep. The property is zoned R7-1 providing a creative purchaser with the potential to utilize an additional 1,830 square feet of air rights.
121 Henry Street offers new investors the rare chance to acquire a true piece of Brooklyn history, having been built before the American Civil War, and carefully preserved by the same private owner for decades. The property offers eight out of 10 free-market residential apartments, presenting significant rental upside as well as the opportunity for a
future condo development or single-family conversion.
The subject property was built in 1849 and measures approximately 25 feet by 49 feet deep on a lot?that extends 92.5 feet deep. The property is zoned R7-1 providing a creative purchaser with the potential to utilize an additional 1,830 square feet of air rights.
121 Henry Street offers new investors the rare chance to acquire a true piece of Brooklyn history, having been built before the American Civil War, and carefully preserved by the same private owner for decades. The property offers eight out of 10 free-market residential apartments, presenting significant rental upside as well as the opportunity for a
future condo development or single-family conversion.
PROPERTY FACTS
| Price Per Unit | $470,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.58% | Building Size | 6,125 SF |
| No. Units | 10 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1849 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1, Brooklyn (C1) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements. | ||
| Price Per Unit | $470,000 |
| Sale Type | Investment |
| Cap Rate | 6.58% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,125 SF |
| No. Stories | 4 |
| Year Built | 1849 |
| Opportunity Zone |
Yes |
| Zoning | R7-1, Brooklyn (C1) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 00237-0034 | Improvements Assessment | $937,800 |
| Land Assessment | $19,350 | Total Assessment | $957,150 |
PROPERTY TAXES
Parcel Number
00237-0034
Land Assessment
$19,350
Improvements Assessment
$937,800
Total Assessment
$957,150
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