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360 Crescent St 6 Unit Apartment Building $1,499,000 ($249,833/Unit) Brooklyn, NY 11208
Investment Highlights
- Surrounded by daily conveniences and national retailers, generating steady area foot traffic.
- Conveniently located near J, Z, A, and C subway lines, with several bus routes in the vicinity.
- Surrounded by Lots of Amenities
- Delivered vacant as a fully built 6-unit elevator building with 4 on-site parking spaces.
- Built in 2026.
Executive Summary
A rare opportunity to acquire a 6-unit elevator development site at 360 Crescent St, Brooklyn, NY, offered at approximately 80% completion. The project consists of four (4) 2-bedroom units and two (2) 1-bedroom units, along with four (4) on-site parking spaces. Upon completion, the asset will be delivered as a fully built elevator building, significantly reducing development risk and timeline for the buyer. This presents a unique chance to secure a near turnkey residential asset in a growing area, with strong rental potential and long-term upside. Owner financing is available, providing additional flexibility for acquisition.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,499,000 | Building Class | C |
| Price Per Unit | $249,833 | Lot Size | 0.09 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 6 | Building Size | 6,407 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price | $1,499,000 |
| Price Per Unit | $249,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Construction Status | Under Construction |
| Building Size | 6,407 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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