ZUZ REALTY
Listed by ZUZ REALTY
$794,999
DR29
Details
Property Type Industrial, Land
Sub Type Apartment Building
Square Footage 4,692
Units 7
Tenancy Vacant
Lease Type Gross
Pro-Forma Cap Rate 16.35%
Pro-Forma NOI $130,000
Price per SqFt $169
Buildings 1
Stories 4
Lot Size (SqFt) 2,339
Investment Type Redevelopment
Sale Condition For sale by owner
development
Marketing description
Prime Development Opportunity in East Flatbush
Approved Plans
Offered at $795,000
Executive Summary
A rare opportunity to acquire a development site in the rapidly appreciating East
Flatbush neighborhood of Brooklyn. With approved plans for a 4,692 square foot,
4-story multi-family building featuring 7 units, this property is ideal for investors
seeking to capitalize on the strong demand for rental housing in this
transit-oriented location. The project benefits from its location within an
Opportunity Zone, offering significant tax advantages to investors.
Investment highlights
Prime Development Opportunity in East Flatbush
approved plans for a 4,692-square-foot,
4-story multi-family building featuring 7 units, this property is ideal for investors
Listing Contacts
ZUZ REALTY
Listed by ZUZ REALTY
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