146 FENIMORE ST Brooklyn NY 11225-5359

The asset is comprised of seventeen apartments configured as nine (2)-bedroom units and eight (3)-bedroom units. The (2)-bedroom units are approximately 800 sf and the (3)-bedroom units are approximately 1,000 sf. Seven of the units are free market and ten are rent stabilized. Two of the units are currently vacant. Some of the units have been gut renovated and completed with high-end finishes including stainless steel appliances and granite counter tops. The renovated units boast hardwood floors throughout, large bedrooms and plenty of closet space.

The average rent of $2,586 for free market units is below market rate allowing for significant upside in the residential rents. The average marketed rents for a (2)-bedroom unit in the area is $2,681 and $3,111 for a (3)-bedroom unit.

The asset is ideally situated just two blocks away from Prospect Park, in proximity to the Brooklyn Botanic Garden and Brooklyn Museum. Flatbush Avenue, a major commercial corridor, is located just half a block away providing residents with access to countless local and national retailers and eateries. Kings County Hospital, SUNY Downstate Medical Center, the United States Post Office and Medgar Evers College are all within walking distance.

The Q, 2 & 5 subway lines are all located within minutes of the asset. Both Midtown and Lower Manhattan are easily accessible via a thirty to forty minute commute via mass transit. 

• Well Maintained Pre-War Asset
• Renovated Units Completed with High-End Finishes
• Large Units - Avg Unit Size Appx. 800 SF for a (2)-Bedroom Unit & 1,000 SF for (3)-Bedroom Unit
• Cash Flowing Asset with Great Potential Upside
• On-Site Laundry Room
• Proximity to Prospect Park, Flatbush Avenue and Kings County Hospital