For Sale
$3,500,000

93 6Th Ave Brooklyn, NY 11217

Historic 7-unit building, high NOI, 4.6% cap rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 7-unit multifamily building at 93 6th Avenue in Brooklyn's coveted Park Slope neighborhood, bordering Prospect Heights, presents a rare investment opportunity. Located in a historic district, this property boasts a strong financial performance with a Net Operating Income (NOI) of $161,103 and a compelling 4.60% capitalization rate. The asking price is $3,500,000, making it an attractive proposition for 1031 exchange buyers. Built in 1920, the building comprises seven apartments: a garden apartment on the ground floor and two one-bedroom units on each of the second, third, and fourth floors. Currently, two units are vacant – one market-rate and one rent-stabilized, offering potential for increased revenue. The building is equipped with an oil-forced air heating system. This is a unique asset, having been owned by the same individual for over four decades and now offered for sale for the first time in many years. The property's prime location in a desirable Brooklyn neighborhood, combined with its strong financial performance and historical significance, makes it an ideal investment for discerning buyers. Kings County location, zip code 11217.

Highlights

  • 7-unit multifamily building in Park Slope, Brooklyn, bordering Prospect Heights.
  • $3,500,000 asking price with a $161,103 NOI and 4.60% cap rate.
  • Seven apartments: one garden unit and six one-bedroom units (two currently vacant).
  • Oil-forced air heating.
  • First time on the market in over 40 years.

Property Details for 93 6Th Ave

Property type
Apartment buildings
Class
C
Year Built
1920
Units
7

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6794394
Longitude
-73.9750571

FAQs

What type of property is this?
Apartment building - Historic 7-unit building, high NOI, 4.6% cap rate
Where is the apartment building located?
The property is located at 93 6Th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 7-unit multifamily building in Park Slope, Brooklyn, bordering Prospect Heights.; $3,500,000 asking price with a $161,103 NOI and 4.60% cap rate.; Seven apartments: one garden unit and six one-bedroom units (two currently vacant).
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?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
93 6Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message