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121 Henry St 10 Unit Apartment Building $6,339,971 CAD ($633,997 CAD/Unit) 6.58% Cap Rate Brooklyn, NY 11201

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Investment Highlights

Premium Location of Brooklyn Heights on Henry Between Clark and Pierrepont
All Rear Units Offer an Extra Room that can be a Second Bedroom or Office
Built in 1849 | True Piece of Brooklyn History

10 Family Brownstone with Eight Free-Market Units
25 Feet Wide Offering a Large Canvass for Possible Condo or Single-Family Development?

Executive Summary

The Brennan Team of Marcus & Millichap presents 121 Henry Street, a five-story brownstone building comprised of 10 residential apartments in the Brooklyn Heights neighborhood of Brooklyn, New York. The property is located between Clark Street and Pierrepont Street less than one block from the 2,3 subway lines.
The subject property was built in 1849 and measures approximately 25 feet by 49 feet deep on a lot?that extends 92.5 feet deep. The property is zoned R7-1 providing a creative purchaser with the potential to utilize an additional 1,830 square feet of air rights.
121 Henry Street offers new investors the rare chance to acquire a true piece of Brooklyn history, having been built before the American Civil War, and carefully preserved by the same private owner for decades. The property offers eight out of 10 free-market residential apartments, presenting significant rental upside as well as the opportunity for a
future condo development or single-family conversion.

121 Henry Street - OM

Property Facts

Price	$6,339,971 CAD	Apartment Style	Mid-Rise
Price Per Unit	$633,997 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.05 AC
Cap Rate	6.58%	Building Size	6,125 SF
No. Units	10	No. Stories	4
Property Type	Multifamily	Year Built	1849
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R7-1, Brooklyn (C1) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements.

Price	$6,339,971 CAD
Price Per Unit	$633,997 CAD
Sale Type	Investment
Cap Rate	6.58%
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.05 AC
Building Size	6,125 SF
No. Stories	4
Year Built	1849
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R7-1, Brooklyn (C1) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements.