MultiFamily Opportunity at 92 Fort Greene Place
$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.