For Sale
$5,190,000

730 Prospect Pl Brooklyn, NY 11216

Eight-unit Brooklyn apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 8-unit apartment building at 730 Prospect Place in Brooklyn's Crown Heights neighborhood presents a compelling investment opportunity. Built in 2016, the property boasts 9,000 square feet across four stories within a single building. The asking price is $5,190,000, translating to a price per square foot of $577 and a price per unit of $648,750. The property sits on a 2,683 square foot lot, zoned R6A. The building's strong financial performance is highlighted by a Net Operating Income (NOI) of $337,350, resulting in an attractive 6.50% capitalization rate. This represents a solid return on investment for discerning buyers. The property's modern construction and desirable location in a thriving Brooklyn neighborhood make it an ideal addition to any multifamily portfolio. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime Brooklyn location. Don't miss out on this exceptional investment opportunity.

Highlights

  • Exceptional 8-unit apartment building in Crown Heights, Brooklyn.
  • Newly constructed in 2016, totaling 9,000 square feet on a 2,683 square foot lot (R6A zoning).
  • Offered at $5,190,000 ($577/SF, $648,750/unit).
  • Strong financials: $337,350 NOI, 6.50% cap rate.

Property Details for 730 Prospect Pl

Property type
Apartment buildings
Square Feet
9,000 SF
Year Built
2016
Buildings
1
Stories
4
Units
8

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.674443970777
Longitude
-73.952371348065
730 Prospect Pl, Brooklyn, New York

FAQs

What type of property is this?
Apartment building - Eight-unit Brooklyn apartment building, high ROI.
Where is the apartment building located?
The property is located at 730 Prospect Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,190,000.
What are key features of this property?
This property features: Exceptional 8-unit apartment building in Crown Heights, Brooklyn.; Newly constructed in 2016, totaling 9,000 square feet on a 2,683 square foot lot (R6A zoning).; Offered at $5,190,000 ($577/SF, $648,750/unit).
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.
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730 Prospect Pl
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