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Free Market 4-Family Townhome | Owner-User 264 Brooklyn Ave 4 Unit Apartment Building $2,200,000 ($550,000/Unit) Brooklyn, NY 11213
Investment Highlights
- Fully Free Market: The property has no history of rent regulation.
- High End Finishes: Fully renovated with high end finishes, separate utilities, individual heating and cooling (split units), recessed lighting, etc.
- Proximity to Subway: Located within 4 blocks of the 2, 3, and 5 trains, with access to Downtown Brooklyn and Union Square within 20-30 minutes
- Cashflow + Upside: Currently grossing $157K+ per year, with upside ready to be unlocked as apartments renew or are re-leased at market rate
- Owner-User Opportunity: Building/neighborhood/architecture lend well to an owner/user/investor living in one or more of the units + investment income
- Protected Tax Class: 2A tax class limits tax increases to no more than 8% a year or 30% over 5 years
Property Facts
| Price | $2,200,000 | Building Class | B |
| Price Per Unit | $550,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,200 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6 - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx. | ||
| Price | $2,200,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6 - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx. |
Amenities
Site Amenities
- 24 Hour Access
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Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)
Property Taxes
| Parcel Number | 01256-0042 | Improvements Assessment | $319,500 |
| Land Assessment | $76,950 | Total Assessment | $396,450 |
Property Taxes
Parcel Number
01256-0042
Land Assessment
$76,950
Improvements Assessment
$319,500
Total Assessment
$396,450
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Free Market 4-Family Townhome | Owner-User | 264 Brooklyn Ave
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