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723 6th Ave 3 Unit Apartment Building $2,750,000 ($916,667/Unit) Brooklyn, NY 11215
Investment Highlights
- Vacant Corner Mixed-Use Building in the heart of Greenwood Heights
- The fully free-market asset consists of three residential apartments, one ground-floor retail space, and two covered garage spaces
- The building measures approx. 25’ x 72’ on the ground floor and 25’ x 50’ on the upper levels, providing a substantial footprint and flexible layouts
- rare 25-foot-wide corner mixed-use property located at the intersection of 6th Avenue and 22nd Street
- The residential component includes a spacious floor-through 2 bed, 1-bath apt on the 2nd floor, along with two additional 2-bed, 1-bath on 3rd floor
- Situated just a short walk from the New York City Subway R Train at 25th Street and 4th Avenue
Executive Summary
Investment Property Realty Group (IPRG) is pleased to present 723 6th Avenue, a rare 25-foot-wide corner mixed-use property located at the intersection of 6th Avenue and 22nd Street in the heart of Greenwood Heights, Brooklyn. The fully free-market asset consists of three residential apartments, one ground-floor retail space, and two covered garage spaces.
The residential component includes a spacious floor-through two-bedroom, one-bathroom apartment on the second floor, along with two additional two-bedroom, one-bathroom apartments on the third floor. The building measures approximately 25’ x 72’ on the ground floor and 25’ x 50’ on the upper levels, providing a substantial footprint and flexible layout.
Situated just a short walk from the New York City Subway R Train at 25th Street and 4th Avenue, the property benefits from excellent connectivity and convenient access to the vibrant retail corridors of 5th Avenue and 6th Avenue. Greenwood Heights continues to attract residents and businesses alike due to its proximity to Park Slope, Industry City, and Sunset Park, making 723 6th Avenue an attractive investment opportunity with stable in-place income and long-term upside potential.
The residential component includes a spacious floor-through two-bedroom, one-bathroom apartment on the second floor, along with two additional two-bedroom, one-bathroom apartments on the third floor. The building measures approximately 25’ x 72’ on the ground floor and 25’ x 50’ on the upper levels, providing a substantial footprint and flexible layout.
Situated just a short walk from the New York City Subway R Train at 25th Street and 4th Avenue, the property benefits from excellent connectivity and convenient access to the vibrant retail corridors of 5th Avenue and 6th Avenue. Greenwood Heights continues to attract residents and businesses alike due to its proximity to Park Slope, Industry City, and Sunset Park, making 723 6th Avenue an attractive investment opportunity with stable in-place income and long-term upside potential.
Property Facts
| Price | $2,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $916,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 3 | Building Size | 4,971 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6 | ||
| Price | $2,750,000 |
| Price Per Unit | $916,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,971 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00898-0001 | Improvements Assessment | $308,250 |
| Land Assessment | $195,750 | Total Assessment | $504,000 |
Property Taxes
Parcel Number
00898-0001
Land Assessment
$195,750
Improvements Assessment
$308,250
Total Assessment
$504,000
Contacts
-
Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Investment Property Realty Group
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