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About the Listing JORO01 - 161188
Perfect—here’s a clean, investor-focused description for that City line property: Turn-Key 25-Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of Brooklyn—this well-maintained 25-unit brick building features 15 2 -bedroom and 10 1 Bedroom apartments, as well as 2 retail spaces ideal for steady rental demand. Tenants pay their utilities ( electric and cooking gas ) The building includes: A full basement with Additional storage rooms No elevator = lower maintenance Low operating expenses With a projected NOI of $816,000 creating a Net Cap Rate of 10.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn’s steadily growing neighborhoods.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Multi Units
- Heating: Oil
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $89,156
- Taxes w/Assessments: N/A
- Tax/Property ID: 04164-0038
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
380 Crescent St Brooklyn, NY 11208
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