Multifamily

190 Lawrence Avenue

190 Lawrence Ave, Brooklyn, NY 11230

Listing Price: $1,000,000

Cap Rate
5.29%
Number of Units
6
GRM
10.98
Occupancy
97.0%
Price/Unit
$166,667
Price/Gross SF
$199.76
Gross SF
5,006

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 190 Lawrence Avenue, a three-story apartment building comprised of six two-bedroom apartments. The property is located on Lawrence Avenue between Ocean Parkway & Seton Place in the Kensington neighborhood of Brooklyn. The subject property was built in 1931 and measures 23.42 feet wide by 71 feet deep, on a lot that extends 24.17 feet wide by 100.17 feet deep. The property is zoned R5, OP. The subject property is located within 2.5 blocks of the 18th Avenue "F" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Investment Highlights

  • 5,006 Gross Square Feet
  • All Units Contain Two-Bedrooms
  • Clean, Up to Date Leases & DHCR Paperwork
  • 24 Years of Consecutive Long-Term Family Ownership
  • Conveniently Situated Within 2.5 Blocks of the "F" Train
  • Six-Unit Multi-Family Property Steps Away From Ocean Parkway

Exclusively Listed By

Listing Price: $1,000,000

Cap Rate
5.29%
Number of Units
6
GRM
10.98
Occupancy
97.0%
Price/Unit
$166,667
Price/Gross SF
$199.76
Gross SF
5,006

Investment Highlights

  • 5,006 Gross Square Feet
  • All Units Contain Two-Bedrooms
  • Clean, Up to Date Leases & DHCR Paperwork
  • 24 Years of Consecutive Long-Term Family Ownership
  • Conveniently Situated Within 2.5 Blocks of the "F" Train
  • Six-Unit Multi-Family Property Steps Away From Ocean Parkway

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 190 Lawrence Avenue, a three-story apartment building comprised of six two-bedroom apartments. The property is located on Lawrence Avenue between Ocean Parkway & Seton Place in the Kensington neighborhood of Brooklyn. The subject property was built in 1931 and measures 23.42 feet wide by 71 feet deep, on a lot that extends 24.17 feet wide by 100.17 feet deep. The property is zoned R5, OP. The subject property is located within 2.5 blocks of the 18th Avenue "F" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Exclusively Listed By

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