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Located in the heart of the lucrative neighborhood of Kensington (just off Ocean Parkway) in Brooklyn this is a first sale in 14 years of this Multi-Family Property - consisting of over 70 units with a great tenant roster and very little arrears (over 95% collections on time) Buildings such as these are rarely sold in this neighborhood offering an investor an unparalleled unique investment as they hold a great tenant roster, are well maintained to an immaculate condition and located in a solid neighborhood just off one of Brooklyn's major throughways Ocean Parkway. Upside: With low average rent of only $864 there is plenty of upside in raising the rents in the future making this a great long term solid investment. AS the seller is a market snseative seller he will do a deal at 10 times the RR, which is a good deal for this type of product in this type of area, seller will listen to all reasonable offers as long as they are a bonafied offer accompanied with solid terms for purchase. Please ask for the Confidentaial OM we have prepared for the property. Thank you
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Details: |
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Property Type: |
OTHER |
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Financials: |
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Listing Price: |
$8,400,000 |
Contact Information: |
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| AGW Realty Advisors |
Danny Schlesinger Senior Vice President of Commercial |
| phone: 917-652-0539 |
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Contact agent
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