Multifamily
722 President St
722 President St, Brooklyn, NY 11215
Listing Price: $3,850,000
Investment Overview
Marcus & Millichap has been exclusively hired to represent ownership in the sale of 722 President Street, a brick 3-family building in the Park Slope neighborhood of Brooklyn. The property is comprised of (3) large floor-through apartments that are currently configured as 2 bedrooms measuring approximately 1,300 square feet and is located on President Street between 5th and Avenue & 6th Avenues.
Built in 1899 and measuring approximately 20 feet wide by 70 feet deep on a lot that extends 100 feet deep, the property also has a full cellar that is referenced on an ‘Identification Use Card’ as allowing for “Living & Storage”, possibly offering a new purchaser the ability to duplex down from the first-floor apartment. The property is in an excellent location of Park Slope, roughly 2 blocks from the Union Street [ D, R, N ] Train Station, and is located within the highly desirable PS 321 School District.
722 President St
Investment Highlights
- Park Slope Large Brick 3 Family Approximately 4,200 Square Feet
- President Street Between 5th & 6th Avenues | Public School District 321
- Identification Use Card Allows "Living & Storage" in Cellar Offering Potential to Add 4th Apartment or Duplex Unit 1
- Long-Term Ownership | Property in Excellent Condition
- Free-Market Apartments with Leases Expiring in 2024 |Significant Room to Raise Rents
- Rental Comps Support $70-$80/Square Foot | Condo Comps Support $1600-$1900/SF
- Unusually Deep Building Approximately 70 Feet in Length
- Unit 1 has Private Backyard Access
Exclusively Listed By
Listing Price: $3,850,000
Investment Highlights
- Park Slope Large Brick 3 Family Approximately 4,200 Square Feet
- President Street Between 5th & 6th Avenues | Public School District 321
- Identification Use Card Allows "Living & Storage" in Cellar Offering Potential to Add 4th Apartment or Duplex Unit 1
- Long-Term Ownership | Property in Excellent Condition
- Free-Market Apartments with Leases Expiring in 2024 |Significant Room to Raise Rents
- Rental Comps Support $70-$80/Square Foot | Condo Comps Support $1600-$1900/SF
- Unusually Deep Building Approximately 70 Feet in Length
- Unit 1 has Private Backyard Access
Investment Overview
Marcus & Millichap has been exclusively hired to represent ownership in the sale of 722 President Street, a brick 3-family building in the Park Slope neighborhood of Brooklyn. The property is comprised of (3) large floor-through apartments that are currently configured as 2 bedrooms measuring approximately 1,300 square feet and is located on President Street between 5th and Avenue & 6th Avenues. Built in 1899 and measuring approximately 20 feet wide by 70 feet deep on a lot that extends 100 feet deep, the property also has a full cellar that is referenced on an ‘Identification Use Card’ as allowing for “Living & Storage”, possibly offering a new purchaser the ability to duplex down from the first-floor apartment. The property is in an excellent location of Park Slope, roughly 2 blocks from the Union Street [ D, R, N ] Train Station, and is located within the highly desirable PS 321 School District.
Exclusively Listed By
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