Three Family Building in Brooklyn, NY

1856 Park Place,
Brooklyn, NY 11233

 

$1,700,000
Price
3
Number of Units
$566,667
Price Per Unit
3,523
Building SF
7.36%
Cap Rate
1,515
Land SF
$1,700,000
Price
3
Number of Units
$566,667
Price Per Unit
3,523
Building SF
7.36%
Cap Rate
1,515
Land SF

Investment Hightlights

  • For Sale: Three Family Building in Stuyvesant Heights, Brooklyn, NY
  • Fully-occupied one (1) three-bedroom and two (2) four-bedroom residential units
  • All units are fully renovated with high quality finishes
  • Utilities are separately metered for all units

Location Summary

  • Subject property is located at the southwest corner of 56th Rd and 61st St, two blocks south of Long Island Expressway (LIE) and approximately 1.1 miles east of Brooklyn Queens Expressway (BQE). Subject property is located within three blocks of Grand and Flushing Avenues. The nearest subway station, 7 Line, is located at 52nd St, approximately 1.4 miles northwest of the subject; the nearest LIRR station, the Woodside station, is located approximately 1.4 miles north of the subject. The nearest bus stop, Q59, is located at Grand Ave/Maspeth Ave, a mere five minute walking distance.
  • Surrounded by various neighborhood retail and amenities including Days Inn, Dunkin's Donut, Dollar Tree, various churches and various local restaurants and retail stores on Eastern Parkway to the east; various churches, schools and community centers on Eastern Parkway to the west; Lincoln Terrace Park including baseball court, basketball courts, tennis courts, children playground and walking trails, is located approximately 0.5 miles west of the subject
  • The area's major retail corridor is on Pitkin Ave which is two blocks south of the subject; retail and amenities includes Rite Aid, Foot Locker, McDonald's, Taco Bell, KFC, The Children's Place, Chase, local restaurants and stores to the east; Rainbow Shops, Subway, Pizza Hut, local restaurants and retail stores to the west
FOR MORE DETAILS CONTACT
Raj Whadwa
Managing Partner
(516) 316-0722
raj@grs-us.com
10991239274