GFI Realty Services LLC is pleased to present the exclusive offering of 665 St Marks Avenue, a pre-war (5)-story elevator apartment building comprised of twenty-one units located in the Crown Heights section of Brooklyn. The asset was constructed in 1900 and totals 17,790 square-feet. The building occupies a 7,515 square-foot lot. The units are configured as six (1)-bedroom and fifteen (2)-bedroom apartments. The property has been impeccably maintained and kept in good working condition.
The property is ideally situated on a quiet street lined with semi-detached single and two-family homes as well as similarly constructed low rise apartment buildings.
The property is located right in the heart of Crown Heights, in proximity to the Brooklyn Museum, the Brooklyn Botanic Garden, the Brooklyn Children’s Museum and Medgar Evers College. Additionally, the Barclays Center, Atlantic Terminal Mall and the Brooklyn Academy of Music is approximately a twelve minute drive from the property; approximately twenty minutes via mass transit.
The property is also easily accessible to Midtown Manhattan via the A, C, 2 and 3 subway lines; residents can be in Midtown in approximately forty-five minutes. The A, C, 2, 3, 4 & 5 subway lines are conveniently located just blocks away from the building.
This asset provides a great opportunity for a future investor to acquire a well maintained stable asset in a prime area while also providing for tremendous short and long term upside due to the below market rents. Residents continue to flow into Crown Heights, attracted to the area’s affordability and “neighborhood” feel.
