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880 Jefferson Ave
Brooklyn, NY 11221
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Fully-stabilized 6-unit residential building with pre-war character and efficient layouts.
- Protected Tax Class 2A caps property tax increases annually.
- Located in a high-demand Bed-Stuy corridor with vibrant dining, retail, and cultural amenities.
- One residential unit delivered vacant, allowing immediate owner-occupancy.
- Steps from Halsey Street and Gates Avenue subway stations for easy commuting.
- Surrounded by strong residential demand and continued neighborhood growth.
Executive Summary
Asset Overview: A 4,875 square foot threestory walk-up building with 6 apartments; the building is fully stabilized.
Unit Design: Classic railroad-style apartment layouts, offering efficient floorplans with generous natural light and pre-war character.
Ideal for Owner-Occupants: One unit will be delivered vacant, presenting a rare opportunity for owner-occupancy
Protected Tax Class: Tax class 2A which limits property tax increases year over year.
Premier Transit Access: Just two blocks from the Halsey Street J train and Gates Avenue J/Z trains, providing seamless connectivity throughout all five boroughs.
Lifestyle Location: Located in a thriving pocket of BedStuy, seeing immense growth and development offering many restaurants, nightlife, shops and experiences.
Unit Design: Classic railroad-style apartment layouts, offering efficient floorplans with generous natural light and pre-war character.
Ideal for Owner-Occupants: One unit will be delivered vacant, presenting a rare opportunity for owner-occupancy
Protected Tax Class: Tax class 2A which limits property tax increases year over year.
Premier Transit Access: Just two blocks from the Halsey Street J train and Gates Avenue J/Z trains, providing seamless connectivity throughout all five boroughs.
Lifestyle Location: Located in a thriving pocket of BedStuy, seeing immense growth and development offering many restaurants, nightlife, shops and experiences.
Property Facts
| Price Per Unit | $166,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.25% | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 4,875 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1905 |
| Zoning | R6B - Medium density residential district | ||
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,875 SF |
| No. Stories | 3 |
| Year Built | 1905 |
| Zoning | R6B - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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