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MultiFamily Opportunity at 92 Fort Greene Place

MultiFamily Opportunity at 92 Fort Greene Place
FOR SALE
View more

$3,700,000

92 Fort Greene Place, Brooklyn, NY 11217

4,875 SF

Square Feet

$759

PPSF

Property Description

Calling investors and end users!

An opportunity to own a property that hasn't been on the market in over 40 years! Located in the heart of Fort Greene, this building offers incredible potential for future growth. Many of the units have been recently renovated and are currently priced below market value. The building includes desirable amenities like a laundry room and individual storage units for each apartment.

The first-floor unit is a spacious 2-bedroom duplex with its own private garden, high ceilings and beautiful original detail, while the second and third floors feature comfortable one-bedroom units. The fourth and fifth floors house sun light studio apartments. Each unit comes with a large storage space, and the building offers convenient on-site laundry facilities.

Consideration for a condo conversion, or single family usage as well.

Situated in a prime location, the property is just minutes from Atlantic Terminal, Fort Greene Park, BAM Theater, Brooklyn Hospital, and several office buildings. It’s also well-connected to major subway lines.

With low operating expenses and numerous upgrades over the years, this building is a fantastic investment opportunity in a vibrant and rapidly growing neighborhood.


Property Details

Asset Type

MultiFamily

Year Built

1930

Zoning

R6B

Lot Size

1,842 SF

Neighborhood

Fort Greene

Submarket

Brooklyn

ZIP

11217

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$210,479

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$17,540

Annual Debt Service

$210,479

View on Map

Address

92 Fort Greene Place

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Andrew Bronsteen

Andrew Bronsteen

Licensed Real Estate Salesperson

69 closed

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Shaun Riney
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Shaun Riney

Senior Managing Director of Investments

378 closed

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Jason Farese

Jason Farese

Licensed Real Estate Salesperson

24 closed

Call

Send a Message

Andrew Bronsteen

Andrew Bronsteen

Licensed Real Estate Salesperson

69 closed

Call
Shaun Riney
Verified Badge

Shaun Riney

Senior Managing Director of Investments

378 closed

Call
Jason Farese

Jason Farese

Licensed Real Estate Salesperson

24 closed

Call