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Mixed-Use

762 Classon Avenue

762 Classon Ave, Brooklyn, NY 11238

Listing Price: $2,225,000

Cap Rate
4.42%
Number of Units
7
Occupancy
87.0%
Price/Unit
$317,857
Price/Gross SF
$417.29
Gross SF
5,332

Investment Overview

Marcus & Millichap's Matthew Peters & Jalen WrightMarcus & Millichap’s Matthew Peters & Jalen Wright are pleased to present the Exclusive Listing located at 762 Classon Avenue in Brooklyn, NY. The property is a mixed-use building with seven apartments over one store. Five of the apartments are 1 bedrooms and two of the apartments are studios. (Block: 01174; Lot: 0036). The building offers a total lot size of 2,667 square feet. There’s approximately 26.67’ of frontage on Classon Avenue. The property is zoned as R6A. There are currently six occupied apartments, and one vacant apartment, paying a combined rent of $121,632 Gross. There’s room for rental increases in the store, along with 2 of the 7 Apartment Units offering higher legal rents than what's currently being collected. The Building has a new rubber roof, a new gas boiler and hot water tank, new electrical wiring, and electrical panels. The building is located in Prospect Heights, within 1 block of Prospect Park, Botanical Gardens, Brooklyn Zoo, one of the two main parks of NYC. Prospect Heights is an excellent location experiencing significant new development, such as Plank Road, Brooklyn Crossing, and along Atlantic Avenue.

Investment Highlights

  • Located in Prospect Heights, Steps From Prospect Park
  • Well-Managed Property, Offering Attractive Price/SF & Price/Unit
  • Value-Add in Some of the Legal Rents & Low Paying Commercial Tenant on Month-to-Month Lease

Exclusively Listed By

Mixed-Use

762 Classon Avenue

Listing Price: $2,225,000

Cap Rate
4.42%
Number of Units
7
Occupancy
87.0%
Price/Unit
$317,857
Price/Gross SF
$417.29
Gross SF
5,332

Investment Highlights

  • Located in Prospect Heights, Steps From Prospect Park
  • Well-Managed Property, Offering Attractive Price/SF & Price/Unit
  • Value-Add in Some of the Legal Rents & Low Paying Commercial Tenant on Month-to-Month Lease

Investment Overview

Marcus & Millichap's Matthew Peters & Jalen WrightMarcus & Millichap’s Matthew Peters & Jalen Wright are pleased to present the Exclusive Listing located at 762 Classon Avenue in Brooklyn, NY. The property is a mixed-use building with seven apartments over one store. Five of the apartments are 1 bedrooms and two of the apartments are studios. (Block: 01174; Lot: 0036). The building offers a total lot size of 2,667 square feet. There’s approximately 26.67’ of frontage on Classon Avenue. The property is zoned as R6A. There are currently six occupied apartments, and one vacant apartment, paying a combined rent of $121,632 Gross. There’s room for rental increases in the store, along with 2 of the 7 Apartment Units offering higher legal rents than what's currently being collected. The Building has a new rubber roof, a new gas boiler and hot water tank, new electrical wiring, and electrical panels. The building is located in Prospect Heights, within 1 block of Prospect Park, Botanical Gardens, Brooklyn Zoo, one of the two main parks of NYC. Prospect Heights is an excellent location experiencing significant new development, such as Plank Road, Brooklyn Crossing, and along Atlantic Avenue.

Exclusively Listed By

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