Vacant Multifamily Opportunity

1895, Pacific Street, Ocean Hill, Brooklyn, Kings County, New York, 11233, USA
$950,000

Description

ERG Commercial Real Estate has been retained to arrange for the sale of 1895 A Pacific Street.  This multifamily building is located on the boarder of the up and coming Bedford Stuyvesant/ Crown Heights neighborhoods. This vacant 4 unit has the ability for immediate upside with future growth in the rental income as the neighborhood continues to grow. It is located less than half a mile from the A and C subway lines.

Property Documents

Detail

  • Price: $950,000
  • Building Size: 752 SF
  • Lot Size: 1600 SF
  • Year Built: 2004
  • Property Type: Residential
  • Property Status: For Sale
  • Property Tax Amount: 7493
  • Block: 01338
  • Lot: 0067
  • Zoning: R6
  • Property Stories: 3
  • Residential Units: 2
  • Annual Income: 96000
  • Total Expenses: 18705
  • NOI: 77295
  • Cap Rate: 8%
  • City: Brooklyn
  • State/County: New York
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.