456 Blake AveBrooklyn, NY 11212

Property Details for 456 Blake Ave

Year built

2023

Lot size

0.07 AC

Property size (Sq ft)

7,372 SF

Zone code

R6

Property type

Apartment buildings

APN

03780-0028

APU

37800028

Description

This newly constructed (2024) eight-family mixed-use building in Brooklyn, NY, presents a compelling investment opportunity. Located at 456 Blake Ave, 11212, this 3,000 square foot property boasts a diverse unit mix: one one-bedroom, three two-bedroom, and four three-bedroom apartments. Each unit is equipped with individual mini-split HVAC systems for optimal climate control, enhancing tenant comfort and reducing energy consumption. Further contributing to efficiency and tenant satisfaction are separate hot water tanks and individual utility meters for each unit. The building also includes convenient in-building laundry facilities. Situated in a highly desirable Brooklyn neighborhood, the property benefits from exceptional proximity to essential amenities. Supermarkets, parks, shopping centers, diverse dining options, schools, and excellent public transportation are all within easy reach, including access to the L, 2, 3, 4, and 5 subway lines and numerous bus routes. This prime location, coupled with the high-quality construction and thoughtful design, ensures strong rental demand and low vacancy rates. The property's low taxes and operating expenses further amplify its attractive return on investment potential. The asking price is $3,400,000. This is a rare chance to acquire a high-performing, newly built multi-family property in a thriving Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,511,327

  6.5%

  $1,395,071

  7%

  $1,295,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,493,000

  Geo Method

  $1,493,000

• Alternative Use

  Use

  Valuation

  Residential

  $1,395,071

  Hospitality

  $1,277,877

  Educational

  $1,063,179

  Medical

  $1,099,743

  Retail

  $1,653,834

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6665

Longitude

-73.9023

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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