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Map
$1,782,000 - $2,176,000
●
Property -
Off Market
308 Crescent Street
Brooklyn, NY 11208
Studio
0 Bath
4584 Sqft
About This Property
Great investment opportunity. This Mixed Use property, on a 2,930
sq ft lot, with 5.7% Cap Rate! The property is located on Crescent
St between Atlantic Ave & Fulton St in Cypress Hills, and consists
of Two Storefronts + Two 3BR 2Bath apartments. The storefronts take
109 ft of space on super busy Atlantic Ave, and are currently
rented to a church and a catering space. Each storefront is paying
$3,500 per month. Both storefronts also pay their share of property
taxes of $4967 each annually. Each apartment is paying $2,500 per
month. There are no leases in place. Each lease is month to month.
Total income is $153,936. Expenses are 39,425.40. Net Revenue is
$114,510.60. Entire place was gut renovated 4 years ago, new roof,
windows, plumbing, electricity, water heating system, boilers, hot
water tanks, fully finished basement, apartments, hallway, check
photos. The property also has air rights for future development
opportunities .
The manager has listed the unit size as 4584 square feet.
The manager has listed the unit size as 4584 square feet.
Unit Size
4,584Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$432
Property Type
Property
Property Taxes
$1,905
HOA Dues
-
Year Built
1920
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 17, 2024 | No longer available | - | |
No longer available | |||
May 26, 2023 | Relisted | $1,979,000 | |
Relisted | |||
May 24, 2023 | No longer available | - | |
No longer available | |||
Feb 7, 2022 | Price Decreased |
$1,979,000
↓ $10K
(0.5%)
|
|
Price Decreased | |||
Jan 25, 2022 | Price Decreased |
$1,989,000
↓ $10K
(0.5%)
|
|
Price Decreased |
Show More
Property Highlights
Exterior Details
Exterior Information
Brick
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
12
Beds
7
Baths
6,900 ft²
$299/ft²
$2,064,000
Jan 27, 2022
$2,064,000
Oct 28, 2022
$4,773/mo
Sold
Multifamily
8
Beds
5
Baths
-
$1,440,000
Nov 11, 2021
$1,440,000
May 18, 2022
$500/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/24/2021
|
|
Loft
|
-
|
4584 ft²
|
$1,999,000
Loft
-
4584 ft²
|
-
-
|
-
|
Alexey Kogan
Keller Williams Realty Empire
|