Closed 10/16/2012

Fully Occupied Sixteen-Unit Multifamily Building

16 Dean Street

Closed 10/16/2012 at
$2,650,000

7,624 Gross SF

16 Residential Units

4 Stories

Cross Street Court Street & Boerum Place

Subways

Request More Info

Would you like to know more?

Request more information

I would like to be contacted:

Multifamily 16 Dean Street,

Ofer Cohen

Have Ofer contact you

718-768-6888

Want Ofer to contact you?

I would like to be contacted:

Google Maps

Details

Block 280

Lot 27

Lot Size 25 ft. x 100.42 ft.

Building Size 25 ft. x 75 ft.

Building Class C1

Zoning R6A

Lot SF 2,511

FAR 3.0

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 16 Dean Street. The property is located in a prome location on Dean Street, between Court Street and Boerum Place, in the Boerum Hill neighborhood of Brooklyn. The 25 ft. x 75 ft. building consists of 16 fully occupied residential units. The four-story building is 7,624 SF and is comprised of all one-bedroom apartments. Currently, the actual gross income for the building is $266,500/year, with estimated expenses of approx. $117,200, the net operating income is $149,200.