16 Beds
8 Baths
9,000 SqFt
16 Beds
8 Baths
9,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $416
Subdivision Crown Heights
MLS Listing ID RLS20124234
Bedrooms 16
Full Baths 8
HOA Y/N No
Year Built 1905
Annual Tax Amount $7,668
Property Sub-Type Multi Family
Property Description
Prime Crown Heights investment opportunity offering an eight-unit multi-family building with six free-market apartments. Spacious 2 bedroom layouts exceeding 1,000 SF and a private backyard, situated on a quiet residential block by Prospect Park and the Brooklyn Botanical Garden.
914 Prospect Pl. Overview:
Annual Income: $207,951 (super occupies 1 free-market unit) Annual Operating Expenses: $43,738 Net Operating Income (NOI): $164,214 Cap Rate: 4.38% Total Units: 8 residential Unit Mix: 6 free-market / 2 rent-stabilized Building Size: 9,000 SF (max buildable 12,441 SF) Building Dimensions: 25' x 98' Lot Dimensions: 25' x 127.5' With 75% free-market apartments, the property offers an attractive opportunity for investors seeking long-term income growth. Situated in Crown Heights, the property benefits from proximity to Prospect Park, the Brooklyn Botanical Gardens, Brooklyn Museum, and the neighborhood's vibrant restaurants, cafés, and shopping. An opportunity to acquire a substantial multi-family asset with strong long-term investment potential.
914-916 Prospect Place are 2 separate buildings with a shared basement and utilities, must be sold as combined multi-parcel sale. Combined asking price: $7,500,000.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplaces Number 1
Fireplaces Type Other
Fireplace Yes
Laundry In Unit
Exterior
Exterior Feature Garden, Private Outdoor Space Over 60 Sqft
Pool Building None
View Y/N No
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 1
New Construction No
Others
Tax ID 01235-0020
Ownership None
Monthly Total Fees $639
Special Listing Condition Standard
Pets Allowed Building Yes, No
