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889 Saint Marks Ave 8 Unit Apartment Building $2,100,000 ($262,500/Unit) Brooklyn, NY 11213
Executive Summary
Multifamily building in need of a full gut renovation, presenting a strong value-add and redevelopment opportunity. Seven of the eight units are vacant, with one unit occupied on a month-to-month basis, offering near-term full vacancy. Well-suited for local developers and investors, the property supports multiple residential end-use strategies, including upgraded multifamily rental (subject to approvals). Ideal for investors pursuing a long-term rental hold, with the ability to modernize building systems, reconfigure layouts, and unlock upside through redevelopment.
Property Facts Under Contract
| Price | $2,100,000 | Apartment Style | Townhome |
| Price Per Unit | $262,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 8 | Building Size | 6,470 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1903 |
| Zoning | R6 - a medium-density residential district that allows for multi-family apartment buildings, with development options | ||
| Price | $2,100,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,470 SF |
| No. Stories | 4 |
| Year Built | 1903 |
| Zoning | R6 - a medium-density residential district that allows for multi-family apartment buildings, with development options |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | 01222-0056 | Improvements Assessment | $728,550 |
| Land Assessment | $9,450 | Total Assessment | $738,000 |
Property Taxes
Parcel Number
01222-0056
Land Assessment
$9,450
Improvements Assessment
$728,550
Total Assessment
$738,000
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Presented by
Urban Vue Properties, Inc.
889 Saint Marks Ave
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