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152 Patchen Ave
Brooklyn, NY 11221 Stuyvesant Heights

$2,500,000 USD

Apartments For Sale  •  6,240 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,240 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1910
  • Zoning R5
100 Transit Score
100 Walk Score

Highlights

8-Unit Mixed-Use Asset, Including 7 Residential Units and 1 Commercial Space
Attractive Current Cash Flow with $194,517 of In-Place NOI
$2,500,000 Offering Price, Representing a 7.78% Current Cap Rate
Significant Rental Upside with Pro Forma NOI of $209,650
Desirable Bed-Stuy Location Near Neighborhood Retail, Restaurants, and Transit
J/Z Train Access at Gates Avenue and Additional Connectivity Throughout Brooklyn

Public Transportation

Commuter RailDriveWalkDistance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 5 min - 1.7 mi
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 5 min - 1.8 mi
Transit/SubwayDriveWalkDistance
Gates Avenue (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Kosciuszko Street (J - New York MTA Subway (The Subway)) 3 min 10 min 0.5 mi
Halsey Street (J Line) (J - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
Ralph Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 13 min 0.7 mi
Utica Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 21 min - 9.2 mi
John F Kennedy International 22 min - 10.0 mi
Newark Liberty International 32 min - 17.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Daniel Greenblatt 718-475-4357 Marcus & Millichap
Daniel Greenblatt 718-475-4357 Marcus & Millichap