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26733451
26733452

1301 70th Street, Brooklyn, NY 11228

LP
NY 10401299759
KMS Realty Group
DC
NY 40CA1038958
Listed by KMS Realty Group
$2,488,888
281 days on market
Updated 67 days ago

1301 70th Street

Details
APN 06156-0001
Property Type Multifamily, Office (+2)
Sub Type Apartment Building, Traditional Office (+5)
Square Footage 9,450
Units 14
Cap Rate 5.00%
NOI $126,393
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 4
Price per SqFt $263
Year Built 1924
Buildings 1
Stories 3
Acreage 0.080
Zoning C1-3

Fully occupied turn key mixed use property 2 stores, 12 apts

Marketing description

Exceptional Mixed-Use Investment Opportunity in Prime Dyker Heights We are proud to present a rare and highly lucrative 14-unit mixed-use property for sale in the heart of Dyker Heights, Brooklyn. Located in one of the borough's most sought-after and high-demand neighborhoods, this well-maintained building offers a diversified and stable income stream for the savvy investor. Building Highlights: 14 Total Units: The property consists of 12 residential apartments and two valuable street-level commercial storefronts. Diverse Residential Mix: The residential component includes a variety of layouts to attract a wide range of tenants. The unit breakdown is: Two studios Nine one-bedroom apartments One spacious two-bedroom apartment Valuable Commercial Space: The two retail storefronts provide an excellent anchor for the building's income and cater to the bustling local economy and pedestrian traffic. Fully Finished Basement: for added value, the fully finished basement includes an office space, offering the potential for additional revenue or a dedicated management area. Prime Dyker Heights Location: This property is situated in an area known for its beautiful, tree-lined streets and strong community feel. The neighborhood features: Excellent Commuter Access: Residents have convenient access to public transportation, including the nearby D, N, W, and R subway lines, and multiple bus routes for easy travel to other parts of Brooklyn and Manhattan. Strong Local Amenities: The building is close to a vibrant mix of mom-and-pop shops, Italian delis and markets, cafes, and a variety of dining options, offering a high quality of life for residents. Recreational Opportunities: Dyker Beach Park, McKinley Park, and Shore Park are all easily accessible, providing ample green space and recreational facilities.

Investment highlights

  • 14 Total Units: The property consists of 12 residential apartments and two valuable street-level commercial storefronts.
  • Diverse Residential Mix: The residential component includes a variety of layouts to attract a wide range of tenants. The unit breakdown is:
  • Two studios
  • Nine one-bedroom apartments
  • One spacious two-bedroom apartment
  • Valuable Commercial Space: The two retail storefronts provide an excellent anchor for the building's income and cater to the bustling local economy and pedestrian traffic.
  • Fully Finished Basement: for added value, the fully finished basement includes an office space, offering the potential for additional revenue or a dedicated management area.
  • Prime Dyker Heights Location: This property is situated in an area known for its beautiful, tree-lined streets and strong community feel. The neighborhood features:
  • Excellent Commuter Access: Residents have convenient access to public transportation, including the nearby D, N, W, and R subway lines, and multiple bus routes for easy travel to other parts of Brooklyn and Manhattan.
  • Strong Local Amenities: The building is close to a vibrant mix of mom-and-pop shops, Italian delis and markets, cafes, and a variety of dining options, offering a high quality of life for residents.
  • Recreational Opportunities: Dyker Beach Park, McKinley Park, and Shore Park are all easily accessible, providing ample green space and recreational facilities.
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Listing Contacts

LP
NY 10401299759
KMS Realty Group
DC
NY 40CA1038958
Listed by KMS Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,393.00
$10,532.75/mo

Valuation Metrics

0
DSCR
5.08%
Cap Rate
5.08%
ROI

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Additional Information

Name
larisa peltin
License
10401299759
Brokerage
KMS Realty Group
Brokerage Phone
9177444698
Brokerage Address
1000 South Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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