61 Cambridge PlBrooklyn, NY 11238

For Sale
$3,000,000

Five-unit building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional three-story apartment building at 61 Cambridge Place in Brooklyn's desirable Clinton Hill neighborhood presents a compelling investment opportunity. Built in 1930, the property boasts 3,675 square feet situated on a 1,750 square foot lot. The building is zoned R6B and comprises five units, each currently valued at $600,000, contributing to a total asking price of $3,000,000. The property's Net Operating Income (NOI) stands at $48,000, resulting in a 1.60% capitalization rate. This represents a strong potential for future appreciation and cash flow. The building's solid construction and prime location in a thriving Brooklyn neighborhood make it an attractive investment for both seasoned and emerging real estate investors. The property's history and current condition offer a blend of classic charm and modern potential, making it a rare find in the competitive Brooklyn market. Detailed financial statements are available upon request. This is a chance to acquire a well-maintained multifamily property in a highly sought-after area with significant upside potential. Serious inquiries only.

Highlights

  • Exceptional three-story, five-unit apartment building in desirable Clinton Hill, Brooklyn.
  • 3,675 square feet on a 1,750 square foot lot, built in 1930.
  • R6B zoning.
  • $3,000,000 asking price, with each unit currently valued at $600,000.
  • $48,000 Net Operating Income (NOI), 1.60% capitalization rate.

Property Details for 61 Cambridge Pl

Property type
Multifamily properties, Apartment buildings
Square Feet
3,675 SF
Year Built
1930
Buildings
1
Stories
3
Units
5

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6853546
Longitude
-73.9629264
61 Cambridge Pl, Brooklyn, New York

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61 Cambridge Pl
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