1619-1621 PARK PLACE
Brooklyn, NY 11233
United States
A 46’ wide seven unit three story apartment building. The property has a drive way to the side, to the back is a four car garage with extra storage space located to the back of the garage. The building has a beautiful brick façade with a wide frontage. The apartments are mostly two-bedroom units with a living/dining area and a full kitchen and bathroom. The apartments have been renovated with wood floors and stainless steel appliances. The bathrooms have been nicely tiled with modern bath tub and sink. All the units are free market except for apartment 1, and are located to the front and back of the building. There’s also a rooftop terrace.
Net Operating Income: $163,423.84 CAP RATE: 5.0% For Investor $228 Per Buildable Square Foot For Developer
For more information please email me to vardan@avenuesny.com
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Set Up For 1621 Park Place. Seven Unit Apartment Building With Five Garages. Crown Heights (1).pdf (2.39 MB) | 2.39 MB |