For Sale
$3,395,000

1201 St Johns PlBrooklyn, NY 11213

Luxury 8-unit building, vacant, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional Crown Heights investment opportunity presents an eight-unit, Class A apartment building at 1201 St Johns Place, Brooklyn, NY 11213. Completed in 2020, this nearly new construction property boasts 7,317 square feet on a 2,470 square foot lot, zoned R6. The building features eight residential units, a mix of one- and two-bedroom apartments, spread across five stories, including a finished basement. First-floor units are duplexed with the basement, and the top-floor penthouse is duplexed with a partial fifth floor and roof deck. Amenities include a shared laundry room (generating additional income), yard access, and a common roof deck. Each unit is individually metered for heating, cooling, and hot water, minimizing operating expenses. Modern kitchens feature stone countertops and dishwashers

Highlights

  • New construction, eight-unit Class A apartment building.
  • Free-market, eight units, offering significant rental upside.
  • Recently completed (minor sign-offs and Certificate of Occupancy needed); motivated seller offering a discounted price, As-Is.
  • Currently vacant, allowing for immediate lease-up at market rates.
  • Excellent transit access to the 2/3/4/5 subway lines.

Property Details for 1201 St Johns Pl

Property type
Apartment buildings
Square Feet
7,317 SF
Class
A
Year Renovated
2020
Buildings
1
Stories
5
Units
8

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6712753
Longitude
-73.9384391
1201 St Johns Pl, Brooklyn, New York

FAQs

What type of property is this?
Apartment building - Luxury 8-unit building, vacant, high ROI.
Where is the apartment building located?
The property is located at 1201 St Johns Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: New construction, eight-unit Class A apartment building.; Free-market, eight units, offering significant rental upside.; Recently completed (minor sign-offs and Certificate of Occupancy needed); motivated seller offering a discounted price, As-Is.
How can I contact the broker?
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1201 St Johns Pl
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