1146 St Marks AveBrooklyn, NY 11213

For Sale
$2,500,000

4-unit brick building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a well-maintained, all-brick four-unit apartment building located at 1146 St Marks Ave, Brooklyn, NY 11213. Built in 1910, this two-story property sits on a 3,130 square foot lot and offers a total of 3,200 square feet of net rentable space. The building is zoned R6 and features four units, providing a solid foundation for rental income. Currently vacant, the property boasts a projected gross potential income of $129,240, with a net operating income (NOI) of $119,460. Expenses are minimal, covering heat, solar, and maintenance. Adding to its appeal is a fully finished basement with an exterior exit, a spacious three-car detached garage, and ample driveway parking. Its prime Crown Heights location offers easy access to public transportation, shopping, and major parkways, making it highly attractive to tenants. The asking price for this income-generating property is $2,500,000. This represents a compelling opportunity for investors seeking a stable and potentially high-return investment in a desirable Brooklyn neighborhood. The property's solid construction, ample parking, and convenient location combine to create a truly attractive investment prospect.

Highlights

  • $2,500,000 asking price.
  • Multifamily apartment building with four units.
  • 3,200 square feet, 3,200 square feet net rentable.
  • $119,460 Net Operating Income (NOI).
  • Built in 1910, two-story brick building.
  • Located at 1146 St Marks Ave, Brooklyn, NY 11213, Kings County.

Property Details for 1146 St Marks Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
3,200 SF
Year Built
1910
Buildings
1
Stories
2
Units
4

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6740247
Longitude
-73.9323161
1146 St Marks Ave, Brooklyn, New York

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1146 St Marks Ave
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