780 St Johns PlBrooklyn, NY 11216

Property Details for 780 St Johns Pl

Year built

1910

Property size (Sq ft)

9,304 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6718

Longitude

-73.9524

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