2,990 SF Multifamily Building in Greenwood Heights

124 23rd Street

Greenwood Heights

$1,550,000

Total Building SF 2,990 SF
Residential Units 3
Commercial Units 1
Cross Streets 23rd Street + 3rd Ave
Subways
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Multifamily 124 23rd Street, Greenwood Heights
Matthew Cosentino
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Details

NOI $85,401
Zoning M1-2D

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of a multifamily building in Greenwood Heights. 124 23rd Street/ 719 3rd Ave is located between Third and Fourth Avenues and offers the opportunity to obtain a fully occupied free-market property in one of NYC’s fastest growing submarkets.

The building is well maintained, consists of three residential units with four garages and has a rent roll of $105,600. At asking price, the opportunity is offered at$518/SF, offers an NOI of $85,401, with taxes of $4,995.

Attractions

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.

Greenwood Cemetery
Industry City
Brooklyn Army Terminal
Sunset Park Industrial

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