1601 5Th StBrooklyn, NY 11223

This exceptional Class A multifamily investment opportunity presents a well-maintained 24-unit apartment building located at 1601 W 5th St, Brooklyn, NY 11223. Situated on a 6,000 square foot lot, this property boasts a prime Gravesend location and offers significant potential for growth. Built in 1929, the four-story building is zoned R5B, providing flexibility for future development. The property features a total of 24 units, each valued at approximately $166,667, representing a compelling price-per-unit. The building's strong occupancy and consistent rental income make it an attractive investment for both seasoned and emerging real estate investors. This is a rare chance to acquire a well-established asset in a thriving Brooklyn neighborhood. The property's solid construction and desirable location ensure a stable and potentially appreciating investment. With its excellent rental history and potential for future value appreciation, this property is a must-see for any investor seeking a strong return on investment in the vibrant Brooklyn market. The APN is 6627-1. This is a single building property.