32 Bed 16 Bath Multi-family For Sale $7,999,000 16,006 sqft ($500 per sqft)
Broker: Boris Gelfand and Team
Hello investors, check out this 16,000 sq ft, 6 story building with elevator 16 rented apartments, minutes from the Beach and Boardwalk! An opportunit
...read moreHello investors, check out this 16,000 sq ft, 6 story building with elevator 16 rented apartments, minutes from the Beach and Boardwalk! An opportunity like this doesn't come often. Usually when you buy an investment property at 5% Cap Rate, the property is in poor condition, or in semi-OK condition if you're lucky. This is a brand new building, that was built with highest quality materials, concrete construction, sprinter system, granite countertops and SS appliances in the kitchens, split A/C units in every room, built-in Ikea closets, high quality parquet, instant water heaters, fully tiled bathrooms with Toto floating toilets. The building has 35 years of Tax Abatement. There are 9 parking spots now, but enough space for 17 parking spots. The 16 brand-new two bedroom residences are perfectly aligned for modern living with spacious open layouts, private balconies and terraces. The residences portray the best of South Brooklyn living. From its convenient location and setting, the residences allow for an effortless commute throughout the city being steps to the B Express / Q trains and Bus lines. Youll love living in this exciting and growing neighborhood just minutes to hundreds of unique shops, fabulous eateries, night life, fine dining, entertainment, Tennis/Swimming/Basketball and Fitness Centers. South Brooklyn is loved for its unique, chic waterfront character which always has an abundance of things to do. Building size is 32' x 80' building. Lot size is 45' x 80'. Price is negotiable. Motivated seller.
