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Multifamily

1381 St Johns Place

1381 St Johns Pl, Brooklyn, NY 11213

Listing Price: $2,000,000

Cap Rate
5.68%
Number of Units
8
Price/Unit
$250,000
Price/Gross SF
$290.70
Gross SF
6,880

Investment Overview

Marcus & Millichap is pleased to offer 1381 St Johns Place, located between Utica Avenue and Schenectady Avenue in the Crown Heights section of Brooklyn, New York. The subject property, 1381 St Johns Place is a four-story multifamily building that consists of 2 one-bedrooms, 3 two-bedrooms, and 3 three-bedroom apartments. The property is built 20 feet by 86 feet and sits on a 20 foot by 112.75 foot lot with approximately 6,880 existing gross square feet. The property is zoned R6 with no available air rights (Block: 1378, Lot: 73) This property offers investors the opportunity to purchase a mostly gut renovated multifamily building located two blocks to two express subway lines in the Crown Heights section of Brooklyn, New York.

Investment Highlights

  • Prime Crown Heights Multifamily Building
  • Only Six Subway Stops into Manhattan | Two Blocks to 3 4 Subway Line
  • There are Two Free Market and Six Rent Stabilized Apartments
  • Five Renovated Apartments
  • Building in Good Condition
  • Two Blocks from Eastern Parkway & Steps from Utica Avenue Retail Corridor

Exclusively Listed By

Multifamily

1381 St Johns Place

Listing Price: $2,000,000

Cap Rate
5.68%
Number of Units
8
Price/Unit
$250,000
Price/Gross SF
$290.70
Gross SF
6,880

Investment Highlights

  • Prime Crown Heights Multifamily Building
  • Only Six Subway Stops into Manhattan | Two Blocks to 3 4 Subway Line
  • There are Two Free Market and Six Rent Stabilized Apartments
  • Five Renovated Apartments
  • Building in Good Condition
  • Two Blocks from Eastern Parkway & Steps from Utica Avenue Retail Corridor

Investment Overview

Marcus & Millichap is pleased to offer 1381 St Johns Place, located between Utica Avenue and Schenectady Avenue in the Crown Heights section of Brooklyn, New York. The subject property, 1381 St Johns Place is a four-story multifamily building that consists of 2 one-bedrooms, 3 two-bedrooms, and 3 three-bedroom apartments. The property is built 20 feet by 86 feet and sits on a 20 foot by 112.75 foot lot with approximately 6,880 existing gross square feet. The property is zoned R6 with no available air rights (Block: 1378, Lot: 73) This property offers investors the opportunity to purchase a mostly gut renovated multifamily building located two blocks to two express subway lines in the Crown Heights section of Brooklyn, New York.

Exclusively Listed By

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