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Multifamily

120 4th Pl

120 4th Pl, Brooklyn, NY 11231

Listing Price: $6,300,000

Cap Rate
4.34%
Number of Units
11
Price/Unit
$572,727
Price/Gross SF
$477.63
Gross SF
13,190

Investment Overview

Marcus & Millichap is pleased to offer 120 4th Place, located between Smith Street and Court Street in the Carroll Gardens section of Brooklyn, New York. The subject property, 120 4th Place, is a three-story apartment building that consists of 3 two-bedroom apartments, 5 two-bedroom duplex apartments, 1 two-bedroom triplex with a terrace, 1 two-bedroom duplex with a terrace and roof deck, and 1 three-bedroom duplex with a terrace. The property is built 43 feet by 75 feet with approximately 13,190 gross square feet. The property is zoned R6B. (Block: 470, Lot: 13) This property offers investors the rare opportunity to purchase a mostly free market apartment building with unique layouts and a low average apartment rent in the heart of Carroll Gardens, Brooklyn, NY.

Investment Highlights

  • Eleven Unit Apartment Building in the Heart of Carroll Gardens
  • Only Four Subway Stops into Manhattan |Two Blocks to "F" and "G" Subway Lines
  • There are Eight Free Market Apartments | Three Rent Regulated Apartments
  • Renovated Apartments with Unique Layouts

Exclusively Listed By

Multifamily

120 4th Pl

Listing Price: $6,300,000

Cap Rate
4.34%
Number of Units
11
Price/Unit
$572,727
Price/Gross SF
$477.63
Gross SF
13,190

Investment Highlights

  • Eleven Unit Apartment Building in the Heart of Carroll Gardens
  • Only Four Subway Stops into Manhattan |Two Blocks to "F" and "G" Subway Lines
  • There are Eight Free Market Apartments | Three Rent Regulated Apartments
  • Renovated Apartments with Unique Layouts

Investment Overview

Marcus & Millichap is pleased to offer 120 4th Place, located between Smith Street and Court Street in the Carroll Gardens section of Brooklyn, New York. The subject property, 120 4th Place, is a three-story apartment building that consists of 3 two-bedroom apartments, 5 two-bedroom duplex apartments, 1 two-bedroom triplex with a terrace, 1 two-bedroom duplex with a terrace and roof deck, and 1 three-bedroom duplex with a terrace. The property is built 43 feet by 75 feet with approximately 13,190 gross square feet. The property is zoned R6B. (Block: 470, Lot: 13) This property offers investors the rare opportunity to purchase a mostly free market apartment building with unique layouts and a low average apartment rent in the heart of Carroll Gardens, Brooklyn, NY.

Exclusively Listed By

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