213 Schenectady AveBrooklyn, NY 11213

Property Details for 213 Schenectady Ave

Year built

1929

Lot size

0.05 AC

Property size (Sq ft)

7,200 SF

Zone code

R6

Property type

Retail residential properties

APN

01378-0012

APU

13780012

Description

This exceptional investment opportunity presents a well-maintained, four-story mixed-use building located at 213 Schenectady Avenue in the vibrant Brooklyn, New York neighborhood. Built in 1929, this 7,200 square foot property sits on a 2,000 square foot lot and boasts a desirable R6 zoning designation. The building comprises eight units, with three operating under free-market rent, ensuring strong potential for future income growth. Currently operating at 100% occupancy, this property offers a compelling 6.45% capitalization rate, making it an attractive addition to any portfolio. The building's classic architecture and prime location in Kings County, zip code 11213, provide a solid foundation for long-term appreciation. The property includes one commercial unit in addition to the residential units. This turnkey investment is ready for immediate income generation and offers significant upside potential. The building's strong performance and location make it an ideal opportunity for investors seeking a stable and profitable asset in a thriving market. Further details regarding the financial performance and lease agreements are available upon request. This is a rare opportunity to acquire a well-positioned multifamily property in a highly sought-after Brooklyn location.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6715

Longitude

-73.9333

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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