554 Eastern Parkway — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11225

Photos

554 Eastern Parkway — Sale in Brooklyn, NY, photo 1 of 2
554 Eastern Parkway — Sale in Brooklyn, NY, photo 2 of 2

Investment Figures

Cap rate
1.00%

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

554 Eastern Parkway, located between Nostrand Avenue and New York Avenue in the Crown Heights section of Brooklyn, New York. Investment Highlights: • Vacant Eastern Parkway 41.5 Foot Wide 9-Unit Apartment Building • Excellent Redevelopment & Substantial Rehabilitation Opportunity • $1,200/SF Condo Sell Out Value • R6/C1-3 Zoning Allowing for approximately 2,977 SF of Available Residential Air Rights • 10+ Foot Ceiling Heights Throughout • Conforming Basement Unit w 10+ Foot Ceiling Height • New Roof & New Floor Joists & Plywood Throughout • 15 Minute Subway Ride into Manhattan | Express 3 Train Station on the Block

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

Contact

  • Matt Fotis

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