8-Unit Mixed-Use Corner Building in Bed-Stuy | 465 Marcus Garvey Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
8-Unit Mixed-Use Corner Building in Bed-Stuy 465 Marcus Garvey Blvd
8 Unit Apartment Building $4,494,976 CAD ($561,872 CAD/Unit) 6.72% Cap Rate Brooklyn, NY 11216
Investment Highlights
- 6.75% CAP RATE
- Prime Corner Retail
- $400/SF
- 8,000 SF Tax Class Protected Building
Executive Summary
TerraCRG has been retained to exclusively represent ownership in the sale of 465 Marcus Garvey Blvd – an 8-unit corner mixed-use building located in the heart of the Stuyvesant Heights Historic District of Bedford-Stuyvesant. The Stuyvesant Heights Historic District features some of the best brownstone properties in all of New York City.
The 8,000 SF property consists of:
- 3 fully renovated Free Market residential units (each unit being a large 3 bedroom and 2 of these units have 2 bathrooms);
- 3 rent stabilized residential units (one of which has a legal rent of $2,390/month);
- 1 Vacant Corner Retail Store; and
- 1 Occupied Retail Store that has a long-term very stable retail tenant.
The building also has low expenses because the property is tax class 2B (Tax Class Protected) and the retail tenants are separately metered for gas and water. Also, the free market residential units have upside potential as market rent for those units is $3,500/month.
The property is ideally located ~2 blocks from the Kingston-Throop A/C subway line providing express service into Manhattan in minutes. It is also located right in the middle of some of the best restaurants in Brooklyn, including Saraghina, Peaches and Chez Oskar.
The 8,000 SF property consists of:
- 3 fully renovated Free Market residential units (each unit being a large 3 bedroom and 2 of these units have 2 bathrooms);
- 3 rent stabilized residential units (one of which has a legal rent of $2,390/month);
- 1 Vacant Corner Retail Store; and
- 1 Occupied Retail Store that has a long-term very stable retail tenant.
The building also has low expenses because the property is tax class 2B (Tax Class Protected) and the retail tenants are separately metered for gas and water. Also, the free market residential units have upside potential as market rent for those units is $3,500/month.
The property is ideally located ~2 blocks from the Kingston-Throop A/C subway line providing express service into Manhattan in minutes. It is also located right in the middle of some of the best restaurants in Brooklyn, including Saraghina, Peaches and Chez Oskar.
Property Facts
Unit Amenities
- Tub/Shower
Site Amenities
- Laundry Facilities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 01674-0079 | Improvements Assessment | $702,370 CAD |
| Land Assessment | $10,759 CAD | Total Assessment | $713,129 CAD |
PROPERTY TAXES
Parcel Number
01674-0079
Land Assessment
$10,759 CAD
Improvements Assessment
$702,370 CAD
Total Assessment
$713,129 CAD
zoning
| Zoning Code | R6B (Medium density residential district) |
| R6B (Medium density residential district) |
-
Matthew Cosentino -
Remi Norris -
Daniel Chung -
Michael Hernandez -
Power Broker Dan Marks -
TerraCRG Brooklyn Commercial Real Estate
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
8-Unit Mixed-Use Corner Building in Bed-Stuy | 465 Marcus Garvey Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.