Vacant 9-Unit MultiFamily at 554 Eastern Parkway
$5,800,000
554 Eastern Parkway, Brooklyn, NY 11225
12,212 SF
Square Feet
$475
PPSF
Property Description
• Vacant Eastern Parkway 41.5 Foot Wide 9-Unit
Apartment Building
• Excellent Redevelopment & Substantial Rehabilitation
Opportunity
• R6/C1-3 Zoning Allowing for approximately 2,977 SF of
Available Residential Air Rights
• $1,200/SF Condo Sell Out Value
• 10+ Foot Ceiling Heights Throughout
• Conforming Basement Unit w 10+ Foot Ceiling Height
• New Roof & New Floor Joists & Plywood Throughout
• 15 Minute Subway Ride into Manhattan | Express 3
Train Station on the Block
• Four Blocks to Prospect Park, Brooklyn Botanic Garden
& Brooklyn Museum
Property Details
Asset Type
MultiFamily
Year Built
1909
Zoning
R6, C1-3
Lot Size
5,395 SF
Neighborhood
Crown Heights
Submarket
Brooklyn
ZIP
11225
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$329,940
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$27,495
Annual Debt Service
$329,940
View on Map
Address
554 Eastern Parkway
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
