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975 Saint Marks Ave 8 Unit Apartment Building $2,595,000 ($324,375/Unit) 10.33% Cap Rate Brooklyn, NY 11213

Apartment Buildings New York Brooklyn 975 Saint Marks Ave, Brooklyn, NY 11213

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INVESTMENT HIGHLIGHTS

  • Corner building, ton of light and air, 6 of the 7 residential units are vacant.

EXECUTIVE SUMMARY

A (4) story walk-up apartment building consisting of 7 rent stabilized apartments and 1 commercial space. All 7 residential units are vacant making the building an ideal candidate for a Sub-Rehabilitation.

ATTACHMENTS

975 St. Marks Avenue, Crown Heights, Brooklyn, NY

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $2,595,000 Apartment Style Mid-Rise
Price Per Unit $324,375 Building Class B
Sale Type Investment Lot Size 0.05 AC
Cap Rate 10.33% Building Size 7,752 SF
No. Units 8 Average Occupancy 25%
Property Type Multifamily No. Stories 4
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
 Year Built 1910
Zoning R6 - 7 Units plus a store with 6 of the 7 units currently vacant. Perfectly situated opportunity for a new owner to renovate the residential portion.
Price $2,595,000
Price Per Unit $324,375
Sale Type Investment
Cap Rate 10.33%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Mid-Rise
Building Class B
Lot Size 0.05 AC
Building Size 7,752 SF
Average Occupancy 25%
No. Stories 4
Year Built 1910
Zoning R6 - 7 Units plus a store with 6 of the 7 units currently vacant. Perfectly situated opportunity for a new owner to renovate the residential portion.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+1 8 - -

LINKS

1 1
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 01223-0050 Total Assessment $671,400 (2025)
Land Assessment $10,350 (2025) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $661,050 (2025) Tax Year 2024

PROPERTY TAXES

Parcel Number
01223-0050
Land Assessment
$10,350 (2025)
Improvements Assessment
$661,050 (2025)
Total Assessment
$671,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
(516) 329-4776

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 33923858

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 975 Saint Marks Ave, Brooklyn, NY 11213

More public record information on 975 Saint Marks Ave, Brooklyn, NY 11213

The Crown Heights Multifamily Property at 975 Saint Marks Ave, Brooklyn, NY 11213 is currently available. Contact Rosewood Realty Group for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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975 Saint Marks Ave
(516) 329-4776 x

975 Saint Marks Ave

Jon Livi
(516) 329-4776

Mike Kerwin
(917) 204-2682

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