12 Unit Building in Greenwood Heights

281 23rd Street

Greenwood Heights

$2,750,000

Size 8,493 SF
Units 12
Cross Streets 5th and 6th Avenue
Subways
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Multifamily 281 23rd Street, Greenwood Heights
Matthew Cosentino
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Overview

TerraCRG has been retained to exclusively represent ownership in the sale of a multifamily building in Greenwood Heights. 281 23rd Street is located between Fifth and Sixth Avenues and offers the opportunity to obtain a fully occupied property in one of NYC’s fastest growing
submarkets.
The building is well-maintained, consists of twelve two-bedroom units and has a rent roll of $230,400. At asking price, the opportunity is offered at $324/SF, offers an NOI of $140,265 and price per unit of $229,000.
On the border of buzzing mixed-use neighborhoods, Greenwood Heights and Sunset Park, the property is in close proximity to the 25th Street R subway entrance as well as the on-ramp to the BQE, providing easy access to Manhattan and beyond. Nearby successful commercial projects include Industry City and Liberty View Plaza, among a plethora of other Brooklyn manufacturers, warehouses, retailers and more.

Attractions

Greenwood Cemetery
Prospect Park
Sunset Park
Industry City
Liberty View Plaza

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