128 India Street
Multifamily | 4 Units | $912,500/unit
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 128 India Street. The subject property is located in a highly desirable location between Manhattan Avenue and Franklin Street in Greenpoint, Brooklyn.
The property offers three apartments and one commercial space. There is no exposure to rent stabilization laws and is a fully free market building. The property is gut-renovated with stainless steel appliances. 128 India Street is built 22 ft x 30 ft, offering approximately 3,880 square feet and sits on a 25 ft x 66.75 ft lot.
The expenses are to remain under control with a protected tax class (8/30 rule) and pass-through utilities. 128 India Street has an in-place income well positioned to continue to grow.
The property is located situated off Manhattan Avenue directly adjacent to the G Train.
Investment highlights
- Block & Lot: 02540-0037
- Neighborhood: Greenpoint
- Cross Streets: Manhattan Ave & Franklin St
- Building Dimensions: 22 ft × 30 ft
- Lot Dimensions: 25 ft × 66.75 ft
- Number of Units: 3 apartments & 1 store
- Approximate Total Area: 3,880 sq ft
- Zoning: R7A, R6B, C2-4
- FAR (Floor Area Ratio):4.0
- Tax Class: 2A
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