380 Crescent Street, Brooklyn, NY, 11208
$6,500,000
Multi Family
Commercial
Details
ML#: 904891
- # of Families: 25
- Sale or Rent:Sale
- Year Built: 1927
- Taxes: $89,156
- Status:Active
Description
Perfect—here’s a clean, investor-focused description for that City line property: Turn-Key 25-Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of Brooklyn—this well-maintained 25-unit brick building features 15 2 -bedroom and 10 1 Bedroom apartments, as well as 2 retail spaces ideal for steady rental demand. Tenants pay their utilities ( electric and cooking gas ) The building includes: A full basement with Additional storage rooms No elevator = lower maintenance Low operating expenses With a projected NOI of $816, 000 creating a Net Cap Rate of 10.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn’s steadily growing neighborhoods.
More Property Details
Lot Size: 0.1148
Lot Sq Ft: 5000
Heat: Oil
A/C: Multi Units
Water: Public
Sewer: Public Sewer
Taxes: $89,156
Listing Information provided courtesy of
EXIT Realty Central
718-848-5900