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$4,250,000 / 9684ft2 - 6 story, 10 Units, Elevator BLDG for Sell (brooklyn)

N Henry Street, brooklyn, NY 11222

6 story, 10 Units, Elevator BLDG for Sell 1 thumbnail6 story, 10 Units, Elevator BLDG for Sell 2 thumbnail6 story, 10 Units, Elevator BLDG for Sell 3 thumbnail6 story, 10 Units, Elevator BLDG for Sell 4 thumbnail6 story, 10 Units, Elevator BLDG for Sell 5 thumbnail6 story, 10 Units, Elevator BLDG for Sell 6 thumbnail6 story, 10 Units, Elevator BLDG for Sell 7 thumbnail6 story, 10 Units, Elevator BLDG for Sell 8 thumbnail6 story, 10 Units, Elevator BLDG for Sell 9 thumbnail
N Henry Street near Humboldt Street
9684ft2 available now
license info: 10401351295
East side of Meeker Avenue Between N Henry Street and Humboldt Street.
A 50’ wide ten-unit six story elevatored apartment building. Floors one through four have two apartments per floor. The fifth floor is a three-bedroom floor-through apartment. The sixth floor has a two-bedroom floor-through apartment. The first floors has two studio units with outdoor space. The upper apartments have a balcony’s at the back. All the floors have 10’ ceilings and get great sunlight.



All the apartments have nice wood floors, beautiful layouts with a living room/dining room. A full kitchen with granite counter tops and stainless steel appliances. There is also a beautifully tiled full bathroom. The property is individually metered for gas and electric. The units each has a water heater and a central HVAC unit in the apartment along with a laundry hook up.

The property is fully sprinklered, all the meters are in the basement along with super space. The basement has ten spaces for storage, the hallways each has a storage room. There is roof access and great views of the city.
The property had a tax abatement which expired. In nine years the property will be off rent stabilization. We have a settlement agreement with HPD, they can’t raise taxes over 30%. The DHCR is from 2010 till present.

The building is a great investment opportunity with future upside potential. Being that it’s a new building and close to the city there will always be a strong demand for the apartments. The area has nice restaurants, bars, dinners and retail stores also close to the L train, the B24 and Q32 bus.
CAP RATE: 6.6%

Lot Size: 50' x 63' irr
Building Size:
Basement: ---50' x 63' irr = 2,200
First Floor: ---50' x 36' irr = 1,614
Second Floor:50' x 36' irr = 1,614
Third Floor:---50' x 36' irr = 1,614
Fourth Floor: 50' x 36' irr = 1,614
Fifth Floor: ---50' x 36' irr = 1,614
Sixth Floor: --50' x 36' irr = 1,614
Stories: Six Plus Full Basement
Gross Square Feet: 9,684 appx
Zoning: (FAR) R6 (2.43)
Air Rights: No Air Rights
Taxes: (23/24) $85,878.76

post id: 7758778230

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