For Sale
$1,100,000

770 Hendrix St Brooklyn, NY 11207

Four-unit building, 10% cap rate, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a two-story, multifamily apartment building located at 770 Hendrix Street in Brooklyn, New York, 11207. The property boasts a total of 3,276 square feet situated on a 2,222 square foot lot, zoned R5. Built in 1930, this Class C building features four units, currently with 25% occupancy (one occupied unit and three vacant). The asking price is $1,100,000, representing a compelling price per square foot of $336 and a strong 10.00% capitalization rate. The building's convenient location in East New York offers easy access to public transportation, being within walking distance of the Van Siclen Avenue (3 train) subway station. All units are free-market apartments, presenting significant upside potential for rental income. This property is an ideal investment for those seeking a value-add opportunity in a rapidly developing neighborhood. The building's solid foundation and potential for increased occupancy make it a promising investment with substantial long-term growth prospects. Serious inquiries are encouraged to explore this lucrative opportunity further.

Highlights

  • Four-unit multifamily building, three vacant units, one occupied.
  • Located in East New York.
  • All units are free-market.

Property Details for 770 Hendrix St

Property type
Apartment buildings
Square Feet
3,276 SF
Class
C
Year Built
1930
Stories
2
Units
4

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6625527
Longitude
-73.8863381

FAQs

What type of property is this?
Apartment building - Four-unit building, 10% cap rate, great potential.
Where is the apartment building located?
The property is located at 770 Hendrix St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four-unit multifamily building, three vacant units, one occupied.; Located in East New York.; All units are free-market.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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770 Hendrix St
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