269 Prospect Place
269 Prospect Place
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.
