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75 Grant Ave
Brooklyn, NY 11208 Cypress Hills

$3,450,000 USD

Apartments For Sale • 17,148 SF

Property Details

Property Type Apartments
Total Building Size 17,148 SF
Lot Size 0.14 AC
Building Class C
Year Built 1930
Cap Rate 8.66 %
Zoning R5

73 Transit Score

72 Walk Score

                
                    Highlights
                
                                Calling All Investors, Developers & End-Users!!! 8.66 Cap 24 Unit Apartment Building With R5 Zoning In Brooklyn For Sale!!!
                            
                                The Building Features Excellent Signage, Great Exposure, High 8’ Ceilings, R5 Zoning,  (4) 2 Br. Apts., (16) 1 Br. Apts., (4) Large Studio Apts., +++!
                            
                                The Property Is Located In The Heart Of Brooklyn Just Off Jamaica Ave., 2 Blocks From Rockaway Blvd. & Minutes From Woodhaven Blvd.!!!
                            
                                Neighbors Include Chase Bank, USPS, Stop & Shop, Century 21, YMCA, Boost Mobile, Dunkin’, Wendy’s, McDonald’s, Subway, Papa John’s, White Castle, +++!
                            
                                This Property Offers HUGE Upside Potential!!! 
                            
                                This Could Be Your Next Development Site Or Be The Next Home For Your Business!!!

Financial Summary (Proforma)

Net Operating Income: $301,714 USD (2025)

Cap Rate:	8.66 %
Total Expenses:	$133,328 USD

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Fenced Lot
Security System
Heating
Recycling
Smoke Free
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
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	-	2.7 mi
Kew Gardens Station (Babylon Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road)	9 min	-	3.5 mi
Transit/Subway	Drive	Walk	Distance
75 Street-Elderts Lane (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	1 min	4 min	0.3 mi
Cypress Hills (J - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
85 Street-Forest Parkway (J - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Crescent Street (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
Norwood Avenue (J,Z Lines) (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	2 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
John F Kennedy International	13 min	-	7.4 mi
LaGuardia	18 min	-	10.0 mi
Newark Liberty International	39 min	-	20.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Matthew Shane 516-279-8828 All Island Commercial

75 Grant Ave Brooklyn, NY 11208 Cypress Hills