Multifamily
554 Eastern Parkway
554 Eastern Pkwy, Brooklyn, NY 11225
Listing Price: $5,800,000
Cap Rate
1.00%
Number of Units
9
Price/Unit
$644,444
Price/Gross SF
$474.94
Gross SF
12,212
Investment Overview
554 Eastern Parkway, located between
Nostrand Avenue and New York Avenue in the
Crown Heights section of Brooklyn, New York.
554 Eastern Parkway
Investment Highlights
- Vacant Eastern Parkway 41.5 Foot Wide 9-Unit Apartment Building
- Excellent Redevelopment & Substantial Rehabilitation Opportunity
- $1,200/SF Condo Sell Out Value
- R6/C1-3 Zoning Allowing for approximately 2,977 SF of Available Residential Air Rights
- 10+ Foot Ceiling Heights Throughout
- Conforming Basement Unit w 10+ Foot Ceiling Height
- New Roof & New Floor Joists & Plywood Throughout
- 15 Minute Subway Ride into Manhattan | Express 3 Train Station on the Block
Exclusively Listed By
Listing Price: $5,800,000
Cap Rate
1.00%
Number of Units
9
Price/Unit
$644,444
Price/Gross SF
$474.94
Gross SF
12,212
Investment Highlights
- Vacant Eastern Parkway 41.5 Foot Wide 9-Unit Apartment Building
- Excellent Redevelopment & Substantial Rehabilitation Opportunity
- $1,200/SF Condo Sell Out Value
- R6/C1-3 Zoning Allowing for approximately 2,977 SF of Available Residential Air Rights
- 10+ Foot Ceiling Heights Throughout
- Conforming Basement Unit w 10+ Foot Ceiling Height
- New Roof & New Floor Joists & Plywood Throughout
- 15 Minute Subway Ride into Manhattan | Express 3 Train Station on the Block
Investment Overview
554 Eastern Parkway, located between Nostrand Avenue and New York Avenue in the Crown Heights section of Brooklyn, New York.
Exclusively Listed By
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