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721 Henry St
Brooklyn, NY 11231
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Corner asset at Henry St & West 9th St with exceptional visibility and retail demand.
- Vacant 1,030 SF ground-floor retail delivered vacant for owner-user or lease-up.
- 2B Tax Class caps increases at 8%/year and 30% over 5 years for cost certainty.
- Over 40% rental upside — current rents of $162K vs. $222K market rent potential.
- Leased garage generating $21,012 annually as an additional income stream.
- 6 residential units (2 Bed/1 Bth) with 3 free market and 3 rent stabilized.
Executive Summary
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price Per Unit | $448,155 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 8.24% | Building Size | 4,868 SF |
| No. Units | 6 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.35/1,000 SF |
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price Per Unit | $448,155 CAD |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,868 SF |
| Average Occupancy | 89% |
| No. Stories | 4 |
| Year Built | 1920 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
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