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1042 President St
Brooklyn, NY 11225
Prospect Heights | 55-unit Multifamily · Multifamily Property For Sale
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55 Units
Investment Highlights
- Newly constructed 8-story multifamily with a total of 55 apartments and 22 parking spaces
- Building amenities include: Elevator, Bike Room, Gym, Laundry in Building, Package Room, Parking Available, and Virtual Doorman
- Within walking distance to the President Street Station (2 5 trains)
- New 35-year Affordable NY Tax Abatement 70% Free-Market / 30% Affordable
- Assumable loan: $22M at 6.5% I/O 5 years
- Serious inquires ONLY: Offers with unrealistic terms will be ignored.
Property Facts
| Price Per Unit | $691,345 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.47% | Lot Size | 0.18 AC |
| No. Units | 55 | Building Size | 29,573 SF |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built | 2023 |
| Zoning | R6 - Residential | ||
| Price Per Unit | $691,345 CAD |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 29,573 SF |
| No. Stories | 8 |
| Year Built | 2023 |
| Zoning | R6 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | - |
| 1+1 | 40 | - | - |
Property Taxes
| Parcel Number | 01280-0029 | Improvements Assessment | $4,121,753 CAD |
| Land Assessment | $671,200 CAD | Total Assessment | $4,792,953 CAD |
Property Taxes
Parcel Number
01280-0029
Land Assessment
$671,200 CAD
Improvements Assessment
$4,121,753 CAD
Total Assessment
$4,792,953 CAD
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