Listed by EXP Realty
Unpriced
Lawrence Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Year Built 1930
Buildings 2
Lot Size (SqFt) 2,400
Zoning R5, R7A
12-Unit 2-Six-Family Brick Buildings | Side-by-Side Package Deal | Brooklyn, NY
Marketing description
Amazing investment opportunity!
Two six-family brick buildings, side by side, offered as a 12-unit package deal in a prime Brooklyn location.
All tenants are current on rent with zero arrears.
Building mix includes 11 two-bedroom units and 1 one-bedroom unit.
Lot dimensions are 48 × 100, with building dimensions of 48 × 71.
Zoned R5 / R7 OP, offering long-term upside and future redevelopment potential.
Investment highlights
- Total Units: 12
- Unit Mix: 11 × 2BR, 1 × 1BR
- 2 Buildings: Two 6-family brick buildings (side-by-side)
- Lot Size: 48 × 100
- Building Size: 48 × 71
- Zoning: R5, R7 OP
- Condition: Fully occupied, stable tenancy
- Rare Brooklyn 12-unit package deal
- Strong existing cash flow
- Zero tenant arrears
- Highly desirable 2BR-heavy unit mix
- Upside to increase NOI with minimal capital investment
- Future redevelopment potential under R5/R7 OP zoning
Fully stabilized, turnkey asset
Rent Roll $278,000 Yr.
Disclosure; No representation, guarantee or warranty of any kind is made regarding the completeness or accuracy of information provided. Square footage numbers are only estimates and should be independently verified. No legal, tax, financial or accounting advice provided.
Listing Contacts
Listed by EXP Realty
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