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Multifamily

950-952 Bergen Street

950 Bergen St, Brooklyn, NY 11216

Listing Price: $6,900,000

Cap Rate
5.14%
Number of Units
20
Occupancy
100.0%
Price/Unit
$345,000
Price/Gross SF
$425.30
Gross SF
16,224

Investment Overview

Marcus & Millichap is pleased to offer 950-952 Bergen Street between Bedford Avenue and Franklin Avenue in the Crown Heights section of Brooklyn, New York. The subject property, 950-952 Bergen Street is comprised of two four-story multifamily buildings that consists of twenty residential apartments, of which seven are free market and thirteen are rent stabilized. There are six studios, two one-bedrooms, eight two-bedrooms, and four three-bedrooms. Each building is built 26 feet by 78 feet and sits on a 52 foot by 100.33 foot lot with approximately 16,244 gross square feet. The property is zoned R7A, C2-4 allowing for approximately 4,645 gross square feet of available air rights (Block: 01217, Lot: 0012) This property offers investors the opportunity to purchase two multifamily buildings with renovated apartments, an attractive unit mix and a low average rent steps away from Franklin Avenue in the Crown Heights section of Brooklyn, New York.

Investment Highlights

  • Crown Heights Multifamily Buildings Steps to Franklin Avenue
  • Proximity to Subway Lines C 2 3 4 5 and Six Blocks to the Long Island Rail Road
  • Two Blocks from the S at Park Place

Exclusively Listed By

Multifamily

950-952 Bergen Street

Listing Price: $6,900,000

Cap Rate
5.14%
Number of Units
20
Occupancy
100.0%
Price/Unit
$345,000
Price/Gross SF
$425.30
Gross SF
16,224

Investment Highlights

  • Crown Heights Multifamily Buildings Steps to Franklin Avenue
  • Proximity to Subway Lines C 2 3 4 5 and Six Blocks to the Long Island Rail Road
  • Two Blocks from the S at Park Place

Investment Overview

Marcus & Millichap is pleased to offer 950-952 Bergen Street between Bedford Avenue and Franklin Avenue in the Crown Heights section of Brooklyn, New York. The subject property, 950-952 Bergen Street is comprised of two four-story multifamily buildings that consists of twenty residential apartments, of which seven are free market and thirteen are rent stabilized. There are six studios, two one-bedrooms, eight two-bedrooms, and four three-bedrooms. Each building is built 26 feet by 78 feet and sits on a 52 foot by 100.33 foot lot with approximately 16,244 gross square feet. The property is zoned R7A, C2-4 allowing for approximately 4,645 gross square feet of available air rights (Block: 01217, Lot: 0012) This property offers investors the opportunity to purchase two multifamily buildings with renovated apartments, an attractive unit mix and a low average rent steps away from Franklin Avenue in the Crown Heights section of Brooklyn, New York.

Exclusively Listed By

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