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554 Eastern Pky
Brooklyn, NY 11225
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Vacant Eastern Parkway 41.5 Foot Wide 9-Unit Apartment Building
- R6/C1-3 Zoning Allowing for approximately 2,977 SF of Available Residential Air Rights
- 10+ Foot Ceiling Heights Throughout
- Excellent Redevelopment & Substantial Rehabilitation Opportunity
- $1,200/SF Condo Sell Out Value
- Conforming Basement Unit w 10+ Foot Ceiling Height
Executive Summary
• Vacant Eastern Parkway 41.5 Foot Wide 9-Unit
Apartment Building
• Excellent Redevelopment & Substantial Rehabilitation
Opportunity
• R6/C1-3 Zoning Allowing for approximately 2,977 SF of
Available Residential Air Rights
• $1,200/SF Condo Sell Out Value
• 10+ Foot Ceiling Heights Throughout
• Conforming Basement Unit w 10+ Foot Ceiling Height
• New Roof & New Floor Joists & Plywood Throughout
• 15 Minute Subway Ride into Manhattan | Express 3
Train Station on the Block
• Four Blocks to Prospect Park, Brooklyn Botanic Garden
& Brooklyn Museum
Apartment Building
• Excellent Redevelopment & Substantial Rehabilitation
Opportunity
• R6/C1-3 Zoning Allowing for approximately 2,977 SF of
Available Residential Air Rights
• $1,200/SF Condo Sell Out Value
• 10+ Foot Ceiling Heights Throughout
• Conforming Basement Unit w 10+ Foot Ceiling Height
• New Roof & New Floor Joists & Plywood Throughout
• 15 Minute Subway Ride into Manhattan | Express 3
Train Station on the Block
• Four Blocks to Prospect Park, Brooklyn Botanic Garden
& Brooklyn Museum
Property Facts
| Price Per Unit | $644,444 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 12,212 SF |
| No. Units | 9 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1909 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R6, C1-3 | ||
| Price Per Unit | $644,444 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 12,212 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 1909 |
| Opportunity Zone |
Yes |
| Zoning | R6, C1-3 |
Property Taxes
| Parcel Number | 01269-0011 | Improvements Assessment | $1,134,900 |
| Land Assessment | $121,500 | Total Assessment | $1,256,400 |
Property Taxes
Parcel Number
01269-0011
Land Assessment
$121,500
Improvements Assessment
$1,134,900
Total Assessment
$1,256,400
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