8-Unit Multifamily Building in Crown Heights

1389 St Johns Place

Crown Heights

$1,225,000

Size 6,880 SF
Price Per Square Foot ~$175/PPSF
Residential Units 8
Cross Streets Utica Ave & Schenectady Ave
Subways
3
4
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Multifamily 1389 St Johns Place, Crown Heights
Matthew Cosentino
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Details

NOI ~$61,893
Gross annual income $106,065

Overview

TerraCRG has been retained to exclusively market the sale of 1389 St Johns Place – a multifamily building located in Crown Heights, between Utica and Schenectady Avenues.

The four-story building is ~6,880 SF and includes eight stabilized residential units that range between one- to two-bedrooms. The property is generating $107,065 in gross annual income and an NOI of ~$61,893. At the asking price, the property is offered at $175/ SF.

Attractions

Just off Eastern Parkway, 1389 St Johns Pl is surrounded by national retailers such as Blink Fitness, Modell’s Sporting Goods and Chase Bank. It is also just two blocks away from the Utica Avenue 3, 4 train providing a 10-minute commute to the Brooklyn Museum, the Brooklyn Botanic Garden, and Prospect Park, as well as a 25-minute commute to Manhattan.

Blink Fitness
Modell’s Sporting Goods and Chase Bank
Brooklyn Museum
the Brooklyn Botanic Garden
and Prospect Park

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