Brooklyn, Kings County, New York, USA
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
30
- SIZE
16,224 sq ft
1,507 sq m
Key features
- Strong income profile with a mix of free-market and rent-stabilized apartments
- Renovated units with modern finishes and rooftop skyline views
- Prime Crown Heights location and steps from multiple transit options, diverse dining, and retail
- Well-maintained asset featuring handicap accessibility, excellent building upkeep, and consistent tenant retention
Description
ONLINE AUCTION
Bidding Opens: Tue Nov 11, 12:00 PM EST
Bidding Closes: Thu Nov 13, 12:00 PM EST
Starting Bid $5,000,000
Previously $6,600,000
Cap Rate Based on Starting Bid 9.82%
Comprised of two contiguous 4-story pre-war buildings, the property features 20 apartments across a well-balanced unit mix of studios, one, two and three-bedrooms. 15 of the apartments have been recently renovated and together, the two buildings span 16,224 square feet on a 52' x 100' lot, offering both scale and efficiency in one of Brooklyn's most dynamic rental markets. A portion of the units are rent-stabilized, ensuring consistent cash flow, while the remaining free-market units capture strong rental demand driven by the neighborhood's ongoing transformation. Modern upgrades, skyline views, and high-quality finishes further position the property to attract and retain tenants.
Inquire for Due Diligence information and/or Offering Memorandum
Brooklyn, Kings County, New York, USA
NEAREST AIRPORTS
Distances are straight line measurements- La Guardia(Local)8.1 miles
- John F. Kennedy(International)9.3 miles
- Newark Liberty(International)12.2 miles
- Westchester(Local)30.1 miles
- Philadelphia(International)69.2 miles
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Notes
This is a property advertisement provided and maintained by Paramount Realty USA, New York (reference Brooklyn_Multifamily) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paramount Realty USA, New York on 020 4634 3251.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”