Four-Story Residential Building in Crown Heights

TerraCRG has been retained to exclusively represent ownership in the sale of 108 Brooklyn Avenue, a four-story residential building in the Crown Heights neighborhood of Brooklyn. The eight-unit building consists of two floor through apartments and 6 Single Room Occupancy (SRO) rooms. The apartments are fully renovated with washer and dryers as well as stainless-steel appliances. Most of the SRO units come with kitchenettes including sinks. Currently two of the SRO units are vacant. The property has a projected gross annual rent roll of $108,600 and an approximate net operating income of $64,000 after expenses.