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87 Joralemon St
Brooklyn, NY 11201
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Supreme Location of Brooklyn Heights on Joralemon Street between Garden Place and Hicks Street
- Three Vacant Apartments Offer Significant Rental Upside
- 10 Family Brownstone with Nine Free-Market Units
- Short Distance to the Brookyln Promenade
EXECUTIVE SUMMARY
The Brennan Team of Marcus & Millichap presents 87 Joralemon 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 Garden Place and Hicks, and is a few blocks from the Borough Hall 2, 3, 4 & 5 train
lines.
The subject property was built in 1910 and measures approximately 20 feet by 48 feet deep on a lot that extends 100.67 feet deep. Including an approximately 63
square foot extension on both the first and second floors, the property measures a gross building size of approximately 4,926 square feet. Zoning is R6 and the
property is in Tax Class 2B.
87 Joralemon offers the rare chance to acquire a five-story brownstone apartment building located on one of the most desirable blocks of Brooklyn Heights. The
property offers cash-flow, with the potential for single-family, or condo, re-development in the future.
lines.
The subject property was built in 1910 and measures approximately 20 feet by 48 feet deep on a lot that extends 100.67 feet deep. Including an approximately 63
square foot extension on both the first and second floors, the property measures a gross building size of approximately 4,926 square feet. Zoning is R6 and the
property is in Tax Class 2B.
87 Joralemon offers the rare chance to acquire a five-story brownstone apartment building located on one of the most desirable blocks of Brooklyn Heights. The
property offers cash-flow, with the potential for single-family, or condo, re-development in the future.
PROPERTY FACTS
| Price Per Unit | $635,950 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.91% | Lot Size | 0.05 AC |
| No. Units | 10 | Building Size | 4,926 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $635,950 CAD |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,926 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 00253-0014 | Improvements Assessment | $1,382,039 CAD |
| Land Assessment | $27,920 CAD | Total Assessment | $1,409,959 CAD |
PROPERTY TAXES
Parcel Number
00253-0014
Land Assessment
$27,920 CAD
Improvements Assessment
$1,382,039 CAD
Total Assessment
$1,409,959 CAD
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