770 Hendrix StBrooklyn, NY 11207

Property Details for 770 Hendrix St

Year built

1930

Property size (Sq ft)

3,276 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6626

Longitude

-73.8863

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