For Sale
$1,350,000

780 St Johns Pl Brooklyn, NY 11216

Prime Brooklyn location, strong NOI, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 8-unit apartment building, located at 780 Saint Johns Place in the desirable Crown Heights neighborhood of Brooklyn, New York, presents a compelling investment opportunity. Built in 1910, this four-story building boasts a total of 9,304 square feet situated on a 2,950 square foot lot. The property is zoned R6B and offers a strong net operating income (NOI) of $93,150, translating to a 6.90% capitalization rate. The asking price is $1,350,000, representing a price per square foot of $145 and a price per unit of $168,750. This well-maintained building comprises eight individual rental units, providing a consistent stream of income. Its prime location in Crown Heights offers easy access to public transportation, local amenities, and a vibrant community. This property is an ideal addition to any investor's portfolio, offering a blend of historical charm and modern income potential. The building's solid financial performance and desirable location make it a highly attractive investment prospect in the competitive Brooklyn real estate market. Detailed financial statements are available upon request. The property is ready for immediate occupancy and income generation.

Highlights

  • 8-unit apartment building in desirable Crown Heights, Brooklyn.
  • 9,304 sq ft building on a 2,950 sq ft lot, built in 1910.
  • R6B zoning, $93,150 NOI, 6.90% cap rate.
  • Asking price: $1,350,000 ($145/sq ft, $168,750/unit).
  • Well-maintained, generating consistent rental income.

Property Details for 780 St Johns Pl

Property type
Apartment buildings
Square Feet
9,304 SF
Year Built
1910
Buildings
1
Stories
4
Units
8

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.67175651168
Longitude
-73.952385967275

FAQs

What type of property is this?
Apartment building - Prime Brooklyn location, strong NOI, excellent investment.
Where is the apartment building located?
The property is located at 780 St Johns Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8-unit apartment building in desirable Crown Heights, Brooklyn.; 9,304 sq ft building on a 2,950 sq ft lot, built in 1910.; R6B zoning, $93,150 NOI, 6.90% cap rate.
How can I contact the broker?
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780 St Johns Pl
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