1201 Saint Johns Pl, Brooklyn, NY 11213
8 Unit Apartment Building | $2,695,000 ($336,875/Unit) | 8.05% Cap Rate | Brooklyn, NY 11213
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,695,000
- Sale Condition
- High Vacancy Property
- Property Type
-
Multifamily
- Square Feet
- 7,313 SF
Listing Contacts
Sully Klein
Verified Profile
- Property Info
Property Overview
STALLED REDEVELOPMENT SITE THAT IS NEARLY COMPLETE!
4.5 Story FM 8 Unit Multi-family, and has been taken back by the lender and never received final sign-offs and the new C of O.
It is being SOLD AS IS!
1201 St Johns Place Is located in the Crown Heights neighborhood of Brooklyn. The subject property is a FREE MARKET NEW CONSTRUCTION Multi-family rental building with 8 residential units spread across 4.5 stories and a finished basement. The first-floor units are duplexed with the basement and the top-floor penthouse is duplexed with a partial 5th floor and roof deck.
Plus there is a shared laundry room (bringing in income), access to the yard, and a common roof deck.
Tunits are a combination of 1 and 2-bedroom units that are all individually metered with their own Heating & Cooling systems as well as hot water tanks to minimize expenses.
They also all feature fully equipped modern kitchens including stone counters, dishwashers etc. Hardwood flooring throughout, tall ceilings, and sleek modern bathrooms. The larger units also have in unit Washer/Dryer hookups.
4.5 Story FM 8 Unit Multi-family, and has been taken back by the lender and never received final sign-offs and the new C of O.
It is being SOLD AS IS!
1201 St Johns Place Is located in the Crown Heights neighborhood of Brooklyn. The subject property is a FREE MARKET NEW CONSTRUCTION Multi-family rental building with 8 residential units spread across 4.5 stories and a finished basement. The first-floor units are duplexed with the basement and the top-floor penthouse is duplexed with a partial 5th floor and roof deck.
Plus there is a shared laundry room (bringing in income), access to the yard, and a common roof deck.
Tunits are a combination of 1 and 2-bedroom units that are all individually metered with their own Heating & Cooling systems as well as hot water tanks to minimize expenses.
They also all feature fully equipped modern kitchens including stone counters, dishwashers etc. Hardwood flooring throughout, tall ceilings, and sleek modern bathrooms. The larger units also have in unit Washer/Dryer hookups.
Property Details
- Class
- B
- Year Built
- 2020
- Stories
- 4
- Lot Size (sq. ft)
- 2,178 SF
- Units
- 8
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