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89 Hanson Pl 7 Unit Apartment Building $2,677,311 CAD ($382,473 CAD/Unit) 5% Cap Rate Brooklyn, NY 11217
Investment Highlights
- Soaring ceilings
- Opulent crown moldings
- Original hardwood floors
- Tall windows that flood the space with natural light
Executive Summary
Rent-Stabilized Fort Greene Brownstone - Cash Flowing with 5% Cap Rate
This exceptional 7-unit brownstone delivers a projected net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment only — contact Megan Walsh for building financials and additional photos: megan@realtycollective.com / 914-882-1169.
This exceptional 7-unit brownstone delivers a projected net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment only — contact Megan Walsh for building financials and additional photos: megan@realtycollective.com / 914-882-1169.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,677,311 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $382,473 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 5% | Building Size | 3,656 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | R7A - A medium-density, contextual residential zoning district in NYC (Quality Housing Program) designed for 7 to 9-story apartment buildings, typically allowing a maximum FAR of 4.6 and a 95-foot height limit. | ||
| Price | $2,677,311 CAD |
| Price Per Unit | $382,473 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 3,656 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R7A - A medium-density, contextual residential zoning district in NYC (Quality Housing Program) designed for 7 to 9-story apartment buildings, typically allowing a maximum FAR of 4.6 and a 95-foot height limit. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- 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 |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02115-0016 | Improvements Assessment | $1,156,714 CAD (2025) |
| Land Assessment | $9,239 CAD (2025) | Total Assessment | $1,165,953 CAD (2025) |
Property Taxes
Parcel Number
02115-0016
Land Assessment
$9,239 CAD (2025)
Improvements Assessment
$1,156,714 CAD (2025)
Total Assessment
$1,165,953 CAD (2025)
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89 Hanson Pl
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