597 Morgan Ave — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11222

Investment Figures

Cap rate
2.14%

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 and Millichap is pleased to offer for sale on exclusive basis 597 Morgan Ave Greenpoint NY 11222. Greenpoint is one of the best places to live in New York. Living in Greenpoint offers residents a dense urban feel. The property consists of three 2 BR units approximately 925 SF. The units are speartately metered, the tenants pay their own gas heat, hotwater and electric. Lots of potential upside. The lot is 19 X 100 FT and the building dimension is 19 X 54 FT, the zoning is R6B with 400 SF of air rights available. The subject property is ideal for owner user. Investment Highlights: • Three story three unit building in Greenpoint neighborhood in Brooklyn. Ideal for owner user. • The property is 19 X 54 totaling 2916 SF of residential SF • The lot size is 1900 SF, zoning is R6B • Close Proximity to the Nassau G train subway station and Msgr. McGolrick Park. • Free market units with high potential of imrpoving RR. • Large 2 BR units appprox 925 SF each. • The units are separately metered, the tenats pay their own heat, hot water and electric.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 2.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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