492 3rd Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11215

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus &Millichap is pleased to offer this charming opportunity. Located in the heart and soul of Park Slope 492 3rd Street is a brownstone that sits between 6th and 7th Avenues on Third Street—where,  the roadway opens into its famously double-wide breadth. Laid out by Edwin C. Litchfield, this particular block feels brighter, calmer, more gracious: a tree-lined canopy, an uncommon sense of air, space, and time. Then the distinguished run of brownstone and limestone give the street its quiet authority. It feels tucked away yet moments from the neighborhood’s daily life, the Park, and multiple subway lines. Investment Highlights: • 492 3rd Street, built in 1920, is a 10 unit brownstone, spanning 5 stories, approx. 5,500 SF. • Tax Class: 2B | Zoning: R6B | 90% Fair Market • This property is a short walk from the R F and G Subway Lines.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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