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315 Van Brunt St
Brooklyn, NY 11231
Multifamily Property For Sale
·
8 Units
Executive Summary
Located on a prime stretch of Van Brunt Street in the heart of Red Hook, 315 Van Brunt Street presents a rare opportunity to acquire an 8-unit free-market multifamily building with significant upside potential.
The property consists of a desirable mix of spacious two-bedroom apartments and efficient studio residences, with all units substantially renovated. Current ownership has completed extensive improvements, creating a turnkey asset with continued opportunity to increase rents and maximize cash flow over time.
Ideal for an investor seeking long-term appreciation and income growth, the building also offers compelling potential for an owner-user or future condominium conversion strategy.
Situated in one of Brooklyn’s most dynamic waterfront neighborhoods, the property benefits from Red Hook’s thriving restaurant, retail, and creative communities, along with close proximity to Brooklyn Heights, Carroll Gardens, and the Columbia Street Waterfront District.
The property consists of a desirable mix of spacious two-bedroom apartments and efficient studio residences, with all units substantially renovated. Current ownership has completed extensive improvements, creating a turnkey asset with continued opportunity to increase rents and maximize cash flow over time.
Ideal for an investor seeking long-term appreciation and income growth, the building also offers compelling potential for an owner-user or future condominium conversion strategy.
Situated in one of Brooklyn’s most dynamic waterfront neighborhoods, the property benefits from Red Hook’s thriving restaurant, retail, and creative communities, along with close proximity to Brooklyn Heights, Carroll Gardens, and the Columbia Street Waterfront District.
Property Facts
| Price Per Unit | $741,637 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 6,084 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1921/2018 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | R5 - R5 Zoning is considered “low density” residential zoning. | ||
| Price Per Unit | $741,637 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 6,084 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1921/2018 |
| Opportunity Zone |
Yes |
| Zoning | R5 - R5 Zoning is considered “low density” residential zoning. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 750 |
| Studios | 4 | - | 400 |
Property Taxes
| Parcel Number | 00556-0008 | Improvements Assessment | $1,120,734 CAD |
| Land Assessment | $8,072 CAD | Total Assessment | $1,128,806 CAD |
Property Taxes
Parcel Number
00556-0008
Land Assessment
$8,072 CAD
Improvements Assessment
$1,120,734 CAD
Total Assessment
$1,128,806 CAD
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