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20 Grand Ave 65 Unit Apartment Building $23,995,000 ($369,154/Unit) 6.47% Cap Rate Brooklyn, NY 11205
Executive Summary
20 Grand Avenue presents a rare opportunity to acquire an income-producing asset in one of Brooklyn’s most dynamic creative hubs. This 7-story former factory has been meticulously transformed into modern commercial lofts, combining authentic industrial charm with the high-spec requirements of today’s creative and professional tenants.
Offered at $23,995,000, the acquisition represents a strategic equitable entry point into the North Brooklyn market, priced significantly below replacement cost.
Offered at $23,995,000, the acquisition represents a strategic equitable entry point into the North Brooklyn market, priced significantly below replacement cost.
Property Facts
| Price | $23,995,000 | Building Class | C |
| Price Per Unit | $369,154 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 105,518 SF |
| Cap Rate | 6.47% | No. Stories | 7 |
| No. Units | 65 | Year Built | 1919 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | M1-2, Brooklyn, (F1) - Light Industrial | ||
| Price | $23,995,000 |
| Price Per Unit | $369,154 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 105,518 SF |
| No. Stories | 7 |
| Year Built | 1919 |
| Opportunity Zone |
Yes |
| Zoning | M1-2, Brooklyn, (F1) - Light Industrial |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01877-0035 | Improvements Assessment | $6,624,450 |
| Land Assessment | $392,850 | Total Assessment | $7,017,300 |
Property Taxes
Parcel Number
01877-0035
Land Assessment
$392,850
Improvements Assessment
$6,624,450
Total Assessment
$7,017,300
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Presented by
Dream Space Realty
20 Grand Ave
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