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540 Bainbridge St
Brooklyn, NY 11233
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Free-market multifamily building consisting of 6 residential units located in the Ocean Hill neighborhood of Brooklyn.
- The property is in a protected tax class (Tax Class 2A).
- DHCR and floor plans are available upon request.
- The property is built 5,585 SF across three stories and is fully renovated.
- The property is permanently exempt from rent stabilization.
- The property is located in close proximity to public transportation, including the Chauncey Street [J, Z] subway station
Executive Summary
Asset CRG Advisors has been exclusively retained to market 540 Bainbridge Street, Brooklyn, NY 11233, a fully renovated, free-market multifamily building in the Ocean Hill neighborhood of Brooklyn. The 5,585 SF, three-story property consists of six residential units, including one 4-bedroom, 1.5-bath unit, one 3-bedroom, 1.5-bath unit, and four 3-bedroom, 2-bath units. The building is permanently exempt from rent stabilization, offering investors flexibility in rental pricing and management. DHCR and floor plans are available upon request.
Ideally situated in Ocean Hill, the property benefits from the neighborhood’s continued development and strong rental demand. With proximity to the Chauncey Street [J, Z] and Halsey Street [J] subway stations, tenants enjoy convenient access to Manhattan and other parts of Brooklyn, further enhancing its appeal as a prime investment opportunity.
540 Bainbridge St, Brooklyn, NY 11233 is located in the Bedford-Stuyvesant neighborhood, known for its historic brownstones, vibrant cultural scene, and strong community atmosphere. The area offers a mix of residential and commercial spaces, with local shops, restaurants, and parks contributing to its lively environment. The property is conveniently positioned near public transportation, with the Chauncey Street [J, Z] and Halsey Street [J] subway stations providing direct access to other parts of Brooklyn and Manhattan. Several bus routes also serve the area, ensuring seamless connectivity. Bedford-Stuyvesant has experienced significant growth and revitalization in recent years, attracting new residents and businesses while maintaining its historic charm.
Ideally situated in Ocean Hill, the property benefits from the neighborhood’s continued development and strong rental demand. With proximity to the Chauncey Street [J, Z] and Halsey Street [J] subway stations, tenants enjoy convenient access to Manhattan and other parts of Brooklyn, further enhancing its appeal as a prime investment opportunity.
540 Bainbridge St, Brooklyn, NY 11233 is located in the Bedford-Stuyvesant neighborhood, known for its historic brownstones, vibrant cultural scene, and strong community atmosphere. The area offers a mix of residential and commercial spaces, with local shops, restaurants, and parks contributing to its lively environment. The property is conveniently positioned near public transportation, with the Chauncey Street [J, Z] and Halsey Street [J] subway stations providing direct access to other parts of Brooklyn and Manhattan. Several bus routes also serve the area, ensuring seamless connectivity. Bedford-Stuyvesant has experienced significant growth and revitalization in recent years, attracting new residents and businesses while maintaining its historic charm.
Property Facts
| Price Per Unit | $416,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,585 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1907 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R6,Brooklyn,(C2) - Medium density residential district | ||
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,585 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1907 |
| Opportunity Zone |
Yes |
| Zoning | R6,Brooklyn,(C2) - Medium density residential district |
Amenities
Unit Amenities
- Dishwasher
- Granite Countertops
- Hardwood Floors
Site Amenities
- Fitness Center
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 01510-0028 | Improvements Assessment | $399,150 |
| Land Assessment | $6,300 | Total Assessment | $405,450 |
Property Taxes
Parcel Number
01510-0028
Land Assessment
$6,300
Improvements Assessment
$399,150
Total Assessment
$405,450
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