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372 Saint Johns Pl
Brooklyn, NY 11238 Prospect Heights

$9,850,000 USD

Apartments For Sale  •  15,435 SF

Property Details

• Property Type Apartments
• Total Building Size 15,435 SF
• Lot Size 0.11 AC
• Building Class B
• Year Built 1914
• Cap Rate 6.15 %
• Zoning R7A

100 Transit Score

100 Walk Score

Highlights

50’ x 83’ walk-up building with 19 residential units (2X-3BR/2BTH | 8X-2BR/1BTH | 6X-2BR/1BTH | 3X-1BR/1BTH), averaging 700 SF per apartment

90% Free Market- 17 units are fully free market, 2 units are rent stabilized (one of which has legal rent of $3,190, roughly in line with market)

Renovated With High-End Finishes- 18 of the 19 units are fully renovated with high-end appliances and fixtures, and have in-unit laundry

Ample windows, southern exposure, and large air shafts provide excellent light and air, allowing for bright and efficient apartment layouts

Transit Oriented Location- The 2 & 3 trains are just two blocks away at Eastern Parkway – Brooklyn Museum stop, with access to Midtown Manhattan

Close proximity to premier retail, restaurants, and local attractions, including Prospect Park, Grand Army Plaza, Brooklyn Library, Prospect Park Zoo

Cap Rate:

6.15 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Got Work

Public Transportation

Commuter Rail	Drive	Walk	Distance
	4 min	20 min	1.0 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	-	1.3 mi
Transit/Subway	Drive	Walk	Distance
Eastern Parkway-Brooklyn Museum (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	1 min	7 min	0.3 mi
Grand Army Plaza (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	2 min	7 min	0.4 mi
Botanic Garden (Franklin Avenue Shuttle - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
7 Avenue (B,Q Line) (B - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Park Place (S Line) (Franklin Avenue Shuttle - New York MTA Subway (The Subway))	2 min	11 min	0.5 mi
Airport	Drive	Walk	Distance
LaGuardia	21 min	-	10.2 mi
John F Kennedy International	24 min	-	12.7 mi
Newark Liberty International	29 min	-	15.9 mi