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Multifamily

1151-1155 Dean Street

1151 Dean St, Brooklyn, NY 11216

Listing Price: $19,750,000

Cap Rate
4.69%
Number of Units
33
Price/Unit
$598,485
Price/Gross SF
$646.44
Gross SF
30,552

Investment Overview

Marcus & Millichap is pleased to offer 1151-1155 Dean Street located between Nostrand Avenue and Rogers Avenue in the Crown Heights section of Brooklyn, New York. The subject property, 1151-1155 Dean Story are two contiguous four-story walk up apartment buildings that consists of 33 residential units. The property is built 48.42 feet by 88 feet with approximately 30,552 gross square feet. The property is zoned R6B (Block: 1206, Lot: 64 & 66) This property offers investors the rare opportunity to purchase two contiguous apartment buildings with renovated apartments with luxury finishes, an in place J51 tax exemption and upgraded plumbing in the Crown Heights North section of Brooklyn, NY.

Investment Highlights

  • Crown Heights North Renovated Apartment Buildings
  • Twenty-Four Renovated Apartments with Luxury Finishes
  • Plumbing & Gas Lines Replaced Throughout Buildings
  • J51 Exemption Expiring in 2034
  • Steps to Franklin & Nostrand Avenue Retail Corridors

Exclusively Listed By

Multifamily

1151-1155 Dean Street

Listing Price: $19,750,000

Cap Rate
4.69%
Number of Units
33
Price/Unit
$598,485
Price/Gross SF
$646.44
Gross SF
30,552

Investment Highlights

  • Crown Heights North Renovated Apartment Buildings
  • Twenty-Four Renovated Apartments with Luxury Finishes
  • Plumbing & Gas Lines Replaced Throughout Buildings
  • J51 Exemption Expiring in 2034
  • Steps to Franklin & Nostrand Avenue Retail Corridors

Investment Overview

Marcus & Millichap is pleased to offer 1151-1155 Dean Street located between Nostrand Avenue and Rogers Avenue in the Crown Heights section of Brooklyn, New York. The subject property, 1151-1155 Dean Story are two contiguous four-story walk up apartment buildings that consists of 33 residential units. The property is built 48.42 feet by 88 feet with approximately 30,552 gross square feet. The property is zoned R6B (Block: 1206, Lot: 64 & 66) This property offers investors the rare opportunity to purchase two contiguous apartment buildings with renovated apartments with luxury finishes, an in place J51 tax exemption and upgraded plumbing in the Crown Heights North section of Brooklyn, NY.

Exclusively Listed By

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