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264 Brooklyn Ave
Brooklyn, NY 11213 Crown Heights

$2,200,000 USD

Apartments For Sale  •  3,199 SF

Property Details

• Property Type Apartments
• Total Building Size 3,200 SF
• Lot Size 0.05 AC
• Building Class B
• Year Built 1931
• Zoning R6

100 Transit Score

91 Walk Score

Highlights

Fully Free Market: The property has no history of rent regulation.

Cashflow + Upside: Currently grossing $157K+ per year, with upside ready to be unlocked as apartments renew or are re-leased at market rate

High End Finishes: Fully renovated with high end finishes, separate utilities, individual heating and cooling (split units), recessed lighting, etc.

Owner-User Opportunity: Building/neighborhood/architecture lend well to an owner/user/investor living in one or more of the units + investment income

Proximity to Subway: Located within 4 blocks of the 2, 3, and 5 trains, with access to Downtown Brooklyn and Union Square within 20-30 minutes

Protected Tax Class: 2A tax class limits tax increases to no more than 8% a year or 30% over 5 years

Amenities

• 24 Hour Access

Public Transportation

Commuter Rail	Drive	Walk	Distance
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	14 min	0.7 mi
	7 min	-	2.3 mi
Transit/Subway	Drive	Walk	Distance
Kingston Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
Nostrand Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
President Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
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	15 min	0.8 mi
Sterling Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	24 min	-	11.3 mi
John F Kennedy International	21 min	-	11.5 mi
Newark Liberty International	32 min	-	17.2 mi