1484 Prospect Place
Multifamily | 3 Units | $583,333/unit
Marketing description
GFI REALTY SERVICES IS PLEASED TO PRESENT THE EXCLUSIVE OFFERING OF 1484 PROSPECT PLACE, a three-unit, 3,375-square-foot fully gut renovated multifamily building in Crown Heights, featuring one two-bedroom and two three-bedroom apartments; all of which are free market. The property has no boiler, with individual hot water tanks for each unit, central air and heat for each apartment, and tenants reimburse all water costs (1/3 per unit). The first-floor unit also benefits from exclusive use of 2/3 of the basement and the full backyard. Located in the heart of Crown Heights, the building offers convenient access to local retail corridors, cafés, restaurants, supermarkets, the Brooklyn Children’s Museum, and multiple subway lines, supporting strong long-term rental demand.
Investment highlights
* Fully Gut-Renovated Multifamily Asset — Recently completed renovations throughout the entire building minimize near-term capital expenditure requirements.
* Three Free-Market Residential Units — Flexible leasing potential and ability to capture market rents without regulatory constraints. * Desirable Unit Mix — Featuring one two-bedroom and two three bedroom apartments, well-suited for family and roommate households in a demand-driven rental market.
* Strong Expense Efficiency — No boiler, individual hot water tanks, and central air/heat per unit; tenants reimburse 100% of water costs, reducing operating expenses.
* Value-Enhancing Amenities — First-floor unit benefits from exclusive use of 2/3 of the basement and full backyard, adding appeal and premium rent potential.
* Prime Crown Heights Location — Proximity to retail corridors, cafés, supermarkets, restaurants, cultural attractions, and multiple subway lines supports stable long-term occupancy
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