945 East 26th Street, Brooklyn, NY
945 East 26th Street, Brooklyn, NY
Mid-Block on the East side of East 26th Street between Avenue I and Avenue J
Midwood Brooklyn
Midwood Brooklyn
27-Unit Multifamily Property for Sale in Midwood Brooklyn, NY
| Type | Multifamily |
|---|---|
| Neighborhood | Midwood Brooklyn |
| Properties | One Property |
| Zoning Code | R4 |
| Size | 28,480 Square Feet |
| Stories | Four Stories |
| Units | 27 Units |
Investment Highlights:
- 4-story, 28,480 square feet elevator serviced apartment building, 27-units.
- Prime Midwood location, One block from Brooklyn College.
- 19 One-bedroom units | 7 two-bedroom units | 1 three-bedroom unit.
- 100% occupied and cash flowing – ideal 1031 exchange opportunity.
- $56,482 difference between annual legal rents and preferential rents.
- $66,619 in aged arrears as of 3/31/2024; four tenants are currently in court.
- Close proximity to the Q train at Avenue J station and the 2,5 trains at Flatbush Av-Brooklyn College.
