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Multifamily

32 Fountain Avenue

32 Fountain Ave, Brooklyn, NY 11208

Listing Price: $2,095,000

Cap Rate
6.21%
Number of Units
7
GRM
10.35
Occupancy
100.0%
Price/Unit
$299,286
Price/Gross SF
$312.08
Gross SF
6,713

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the property located at 32 Fountain Avenue in the East New York section of Brooklyn, NY 11208.

Property Details:
Stories: 3
Dimensions: 40.5 feet wide along Fountain Ave & 55 feet deep
Lot Size: 50 feet wide by 100 feed deep
Block: 04154; Lot: 0061
Square Footage: Approximately 6,713 square feet
Tax Class: 2B (Protected)

Layout:

First Floor:
2 apartments | Mechanical Room
1A - 2-bedroom, 1-bathroom – 815 SF
1B - 2-bedroom, 1-bathroom – Delivered Vacant – 815 SF

Second Floor:
2 apartments
2A - 2-bedroom, 1-bathroom – 815 SF
2B - 3-bedroom, 1-bathroom – 936 SF

Third Floor:
3 apartments
3A - 1-bedroom, 1-bathroom – 775 SF
3B - 1-bedroom, 1-bathroom – 775 SF
3C - 1-bedroom, 1-bathroom – 775 SF

Investment Opportunity:
Fully Free Market Building
Recently Built in 2018
Offered Below Replacement Cost
Capitalize on Parking Income

Location:
Located in east New York, Brooklyn, NY
Within walking distance to J, Z, A, C Trains

Investment Highlights

  • New Construction
  • Free Market - 7 Family Building
  • 6 Private Parking Spaces
  • Fully Renovated Apartments - Paying Separate Utilities

Exclusively Listed By

Financing By

Multifamily

32 Fountain Avenue

Listing Price: $2,095,000

Cap Rate
6.21%
Number of Units
7
GRM
10.35
Occupancy
100.0%
Price/Unit
$299,286
Price/Gross SF
$312.08
Gross SF
6,713

Investment Highlights

  • New Construction
  • Free Market - 7 Family Building
  • 6 Private Parking Spaces
  • Fully Renovated Apartments - Paying Separate Utilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the property located at 32 Fountain Avenue in the East New York section of Brooklyn, NY 11208. Property Details: Stories: 3 Dimensions: 40.5 feet wide along Fountain Ave & 55 feet deep Lot Size: 50 feet wide by 100 feed deep Block: 04154; Lot: 0061 Square Footage: Approximately 6,713 square feet Tax Class: 2B (Protected) Layout: First Floor: 2 apartments | Mechanical Room 1A - 2-bedroom, 1-bathroom – 815 SF 1B - 2-bedroom, 1-bathroom – Delivered Vacant – 815 SF Second Floor: 2 apartments 2A - 2-bedroom, 1-bathroom – 815 SF 2B - 3-bedroom, 1-bathroom – 936 SF Third Floor: 3 apartments 3A - 1-bedroom, 1-bathroom – 775 SF 3B - 1-bedroom, 1-bathroom – 775 SF 3C - 1-bedroom, 1-bathroom – 775 SF Investment Opportunity: Fully Free Market Building Recently Built in 2018 Offered Below Replacement Cost Capitalize on Parking Income Location: Located in east New York, Brooklyn, NY Within walking distance to J, Z, A, C Trains

Exclusively Listed By

Financing By

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