730 Prospect PlBrooklyn, NY 11216

Property Details for 730 Prospect Pl

Year built

2016

Lot size

0.06 AC

Property size (Sq ft)

7,472 SF

Zone code

R6A

Property type

Apartment buildings

APN

01233-0016

APU

12330016

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,531,828

  6.5%

  $1,413,995

  7%

  $1,312,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,513,252

  Geo Method

  $1,513,252

• Alternative Use

  Use

  Valuation

  Residential

  $1,413,995

  Hospitality

  $1,295,212

  Educational

  $1,077,601

  Medical

  $1,114,661

  Retail

  $1,676,268

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6742

Longitude

-73.9524

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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