Listed by Asset CRG Advisors, LLC
$2,500,000
540 Bainbridge Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,585
Units 6
Year Built 1907
Stories 3
Lot Size (SqFt) 2,550
Multifamily | 6 Units
Marketing description
Asset CRG Advisors has been exclusively retained to market 540 Bainbridge Street, Brooklyn, NY 11233, a fully renovated, free-market multifamily building in the Ocean Hill neighborhood of Brooklyn. The 5,585 SF, three-story property consists of six residential units, including one 4-bedroom, 1.5-bath unit, one 3-bedroom, 1.5-bath unit, and four 3-bedroom, 2-bath units. The building is permanently exempt from rent stabilization, offering investors flexibility in rental pricing and management. DHCR and floor plans are available upon request.
Ideally situated in Ocean Hill, the property benefits from the neighborhood’s continued development and strong rental demand. With proximity to the Chauncey Street [J, Z] and Halsey Street [J] subway stations, tenants enjoy convenient access to Manhattan and other parts of Brooklyn, further enhancing its appeal as a prime investment opportunity.
Investment highlights
- Free-market multifamily building consisting of 6 residential units located in the Ocean Hill neighborhood of Brooklyn.
- The property is built 5,585 SF across three stories and is fully renovated.
- The property is in a protected tax class (Tax Class 2A).
- The property is permanently exempt from rent stabilization.
- DHCR and floor plans are available upon request.
- The property is located in close proximity to public transportation, including the Chauncey Street [J, Z] subway station (approximately a 5-minute walk) and the Halsey Street [J] subway station (approximately a 6-minute walk), enhancing tenant appeal and accessibility.
Listing Contacts
Listed by Asset CRG Advisors, LLC
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Zoning
R6 ResidentialMulti FamilyGeneral Residence
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