380 Crescent Street, Brooklyn, NY 11208
- $6,500,000
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- 1041643
- Year Built
- 1927
- Acres
- 0.11
Property Description
Perfect—here’s a clean, investor-focused description for that City line property: Turn-Key 25-Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of Brooklyn—this well-maintained 25-unit brick building features 15 2 -bedroom and 10 1 Bedroom apartments, as well as 2 retail spaces ideal for steady rental demand. Tenants pay their utilities ( electric and cooking gas ) The building includes: A full basement with Additional storage rooms No elevator = lower maintenance Low operating expenses With a projected NOI of $816,000 creating a Net Cap Rate of 10.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn’s steadily growing neighborhoods.
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Additional Information
- Taxes
- $89,156
- Lot Size
- 5,000
- Heating
- Oil
- Cooling System Type
- Multi Units
- Sewer
- Public Sewer
- Water Source
- Public
- Basement
- Full
Mortgage Calculator
Listing courtesy of Listing Agent: Arthur F. Martinez SFR (arthur@exitrealtycentral.com) from Listing Office: EXIT Realty Central.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.