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245 Martense St
Brooklyn, NY 11226
100% Rent-Stabilized Asset with Upside · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Four-story, eight-unit apartment building one block from NY 27/Linden Avenue in the heart of the Flatbush, Brooklyn, neighborhood in New York City.
- Lucrative, fully occupied investment with noteworthy upside potential through increased rental rates at the legal amount, driving desirable revenue.
- Robust, renter-centric community of 2.6 million residents living within a 5-mile radius generating an average household income of nearly $100,000.
- Perfectly positioned just a two-minute walk from Church Avenue Station, with easy access to the 2 and 5 trains and a diverse array of local amenities.
- Accessibly situated within walking distance of popular conveniences, including Dunkin’, Target, Planet Fitness, CVS, McDonald’s, Wendy’s, and more.
- Adventurously located by Prospect Park, offering a range of outdoor activities and home to the Prospect Park Zoo and Brooklyn Botanic Garden.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 0.06 AC |
| Type of Ownership | Fee Simple | Building Size | 7,260 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1998 |
| Apartment Style | Mid-Rise | Parcel Number | 05088-0063 |
| Building Class | C | ||
| Zoning | R6 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,260 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built | 1998 |
| Zoning | R6 |
| Parcel Number | 05088-0063 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
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