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756 Greene Ave 756 Greene Ave 4 Unit Apartment Building $2,400,000 ($600,000/Unit) Brooklyn, NY 11221
Investment Highlights
- Fully Free Market: The property has no history of rent regulation.
- High End Finishes: The entire property is fully renovated with high end finishes, separate utilities, individual heating and cooling (split units), qu
- Proximity to Subway: Located within 4 blocks of the 2, 3, and 5 trains, with access to Downtown Brooklyn and Union Square within 20-30 minutes.
- Cashflow + Upside: Currently grossing $157K+ per year, with upside ready to be unlocked as apartments renew or are re-leased at market rate.
- Owner-User Opportunity: The building, neighborhood, and architecture all lend well to a hybrid owner/user/investor living in one or more of the units
- Protected Tax Class: 2A tax class limits tax increases to no more than 8% a year or 30% over 5 years.
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $2,400,000 | Property Subtype | Apartment |
| Price Per Unit | $600,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 3,465 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2000 |
| Zoning | R6B - Medium density residential district | ||
| Price | $2,400,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.04 AC |
| Building Size | 3,465 SF |
| No. Stories | 4 |
| Year Built | 2000 |
| Zoning | R6B - Medium density residential district |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01619-0022 | Improvements Assessment | $268,650 |
| Land Assessment | $43,200 | Total Assessment | $311,850 |
Property Taxes
Parcel Number
01619-0022
Land Assessment
$43,200
Improvements Assessment
$268,650
Total Assessment
$311,850
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756 Greene Ave | 756 Greene Ave
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