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Multifamily

597 Morgan Ave

597 Morgan Ave, Brooklyn, NY 11222

Listing Price: $2,950,000

Cap Rate
2.14%
Number of Units
3
GRM
35.18
Occupancy
100.0%
Price/Unit
$983,333
Price/Gross SF
$867.14
Gross SF
3,402

Investment Overview

Marcus and Millichap is pleased to offer for sale on exclusive basis 597 Morgan Ave Greenpoint NY 11222.
Greenpoint is one of the best places to live in New York. Living in Greenpoint offers residents a dense urban feel.
The property consists of three 2 BR units approximately 925 SF.
The units are speartately metered, the tenants pay their own gas heat, hotwater and electric.
Lots of potential upside.


The lot is 19 X 100 FT and the building dimension is 19 X 54 FT, the zoning is R6B with 400 SF of air rights available.


Investment Highlights

  • Three story three unit building in Greenpoint neighborhood in Brooklyn.
  • The property is 19 X 54 totaling 2916 SF of residential SF
  • The lot size is 1900 SF, zoning is R6B
  • Close Proximity to the Nassau G train subway station and Msgr. McGolrick Park.
  • Free market units with high potential of imrpoving RR.
  • Large 2 BR units appprox 925 SF each.
  • The units are separately metered, the tenats pay their own heat, hot water and electric.

Exclusively Listed By

Financing By

Multifamily

597 Morgan Ave

Listing Price: $2,950,000

Cap Rate
2.14%
Number of Units
3
GRM
35.18
Occupancy
100.0%
Price/Unit
$983,333
Price/Gross SF
$867.14
Gross SF
3,402

Investment Highlights

  • Three story three unit building in Greenpoint neighborhood in Brooklyn.
  • The property is 19 X 54 totaling 2916 SF of residential SF
  • The lot size is 1900 SF, zoning is R6B
  • Close Proximity to the Nassau G train subway station and Msgr. McGolrick Park.
  • Free market units with high potential of imrpoving RR.
  • Large 2 BR units appprox 925 SF each.
  • The units are separately metered, the tenats pay their own heat, hot water and electric.

Investment Overview

Marcus and Millichap is pleased to offer for sale on exclusive basis 597 Morgan Ave Greenpoint NY 11222. Greenpoint is one of the best places to live in New York. Living in Greenpoint offers residents a dense urban feel. The property consists of three 2 BR units approximately 925 SF. The units are speartately metered, the tenants pay their own gas heat, hotwater and electric. Lots of potential upside. The lot is 19 X 100 FT and the building dimension is 19 X 54 FT, the zoning is R6B with 400 SF of air rights available.

Exclusively Listed By

Financing By

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