309 NEW YORK AVENUE

For Sale - Brooklyn - Crown Heights

$5,000,000

Net Operating Income: $231,073

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Key Details

Property Type
Mixed Use
Neighborhood
Crown Heights
Property Dimensions
19.0 x 55.0
Property Area
3,135 sq.ft.
Total Units:
3
Stories:
3
NOI
$231,073
Price
$5,000,000
Price Per Unit
$1,666,666
Cap Rate
4.6%

Listing Description

Venture Capital Properties has been retained on an exclusive basis to arrange for the sale of 309 New York Avenue.
The building is located between Eastern Parkway and Union Street in Crown Heights, Brooklyn
This 5-story mixed-use building consists of 6 rent stabilized apartments and one store. The property benefits from J51 tax abatement.
The property is accessible via the 2, 3 and 5 trains at President Street and Nostrand Av stations.

Property Details

Block/Lot:
1270/3
Lot Dimensions
19.0 x 100.0
Lot Area
1,900 sq.ft
Zoning:
R6
FAR as Built:
1.65
Max FAR:
4.8
Kevin DarouvarVenture Capital Properties
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
203 ROCHESTER AVENUE$2,675,00007/25/2018Mixed Use
385 KINGSTON AVENUE$800,00006/20/2018Mixed Use
1524 ST JOHNS PL$950,00005/16/2018Mixed Use
262 KINGSTON$982,00005/15/2018Mixed Use
191 UTICA AVENUE$680,00005/15/2018Mixed Use
936 ATLANTIC AVENUE$1,250,00004/12/2018Mixed Use
958 ATLANTIC AVENUE$1,250,00004/12/2018Mixed Use
352 UTICA AVENUE$670,00004/12/2018Mixed Use
1525 ST JOHNS PLACE$999,00004/10/2018Mixed Use
162A UTICA AVENUE$1,100,00003/19/2018Mixed Use