Meridian Capital Group
Meridian Investment Sales

269 Prospect Place

269 Prospect Place

Located Between Vanderbilt Avenue and Underhill Avenue
Prospect Heights

For Sale: Elevator Multifamily Building Containing 29 Units

Asking Pricing $6,400,000
Type Multifamily
Neighborhood Prospect Heights
Properties One
Lot Size 3,921 Square Feet
Zoning Code R6B
Size 15,384 Square Feet
Stories 6 Stories
Units 29 Units
Air Rights -8,544 Square Feet

Investment Highlights:

Team Hess of Meridian Investment Sales is pleased to present the Exclusive Offering for 269 Prospect Place, an elevator multifamily building with a total of 29 apartments in prime Prospect Heights – just three blocks away from the B & Q train at the Seventh Avenue subway station and only three block away from renowned Grand Army Plaza. The property is situated on Prospect Place just off Vanderbilt Avenue which is known for its restaurants and shops. Prospect Heights is one of the most desirable residential and commercial locations in not only Brooklyn, but all of New York City.

This a rare opportunity for an investor to buy a property that has been owned by the same family for 20 years. The offering presents a significant amount of upside in the rental income as 13 of the 29 apartments are free-market and have below market rents. The asset has been consistently maintained and upgraded minimizing long-term deferred maintenance for future ownership.