64 1st Pl
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64 1st Pl
5 Unit Apartment Building $8,259,588 CAD ($1,651,918 CAD/Unit) Brooklyn, NY 11231
Investment Highlights
- Property presents an extremely rare opportunity to purchase a fully vacant 5 story / 5 family building
- This property presents an ideal opportunity for a multi-unit rental/condo renovation/alteration.
- The subject property is built 20.5’ x 53’ on all five floors and is situated on a 20.5’ x 100’ lot zoned R6A, with private front and rear yard.
Executive Summary
Welcome to 64 1st Place in the Heart of Carroll Gardens neighborhood of Brooklyn, which is nestled along a quiet and beautiful brownstone/tree lined block. This property is being offered for sale for the first time in over 50 years. Located on 1st Place between Clinton Street and Court Street, this property presents an extremely rare opportunity to purchase a fully vacant 5 story / 5 family building on one of the best blocks in Brooklyn. The subject property is built 20.5’ x 53’ on all five floors and is situated on a 20.5’ x 100’ lot zoned R6A, with private front and rear yard. Additional unused FAR, please consult with your architect to confirm. This property presents an ideal opportunity for a multi-unit rental/condo renovation/alteration. It offers endless opportunity for an owner-users or investor/developer looking to be a part of this neighborhood in Brooklyn. Conveniently located 1 block from the F&G train and walking distance half a block away from Court Street. There are many award winning dining options, cafe / bakeries, supermarkets for shopping, and more. Zoned for great schools.
Approx. Building SqFt: 5,330. Est. Annual Taxes: $12,347. Est. Annual Gas: $2,121. Est. Annual Water: $2,639. Annual Insurance: $6,509.
Approx. Building SqFt: 5,330. Est. Annual Taxes: $12,347. Est. Annual Gas: $2,121. Est. Annual Water: $2,639. Annual Insurance: $6,509.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$17,750
|
$3.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,750
|
$3.33
|
Financial Summary (Actual - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $17,750 |
| Annual Per SF | $3.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,750 |
| Annual Per SF | $3.33 |
Property Facts
| Price | $8,259,588 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $1,651,918 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 5 | Building Size | 5,330 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1910 |
| Price | $8,259,588 CAD |
| Price Per Unit | $1,651,918 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,330 SF |
| No. Stories | 5 |
| Year Built | 1910 |
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+1 | 4 | - | - |
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Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 00361-0010 | Total Assessment | $1,489,487 CAD (2024) |
| Land Assessment | $300,101 CAD (2024) | Annual Taxes | $17,750 CAD ($3.33 CAD/SF) |
| Improvements Assessment | $1,189,385 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
00361-0010
Land Assessment
$300,101 CAD (2024)
Improvements Assessment
$1,189,385 CAD (2024)
Total Assessment
$1,489,487 CAD (2024)
Annual Taxes
$17,750 CAD ($3.33 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R6A (Additional unused FAR, please consult with your architect to confirm.) |
| R6A (Additional unused FAR, please consult with your architect to confirm.) |
Contacts
-
Vince Blandino -
Giuseppe Montalbano - Madison Estates Sotheby's Int - Franzese Group
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Madison Estates Sotheby's Int - Franzese Group
64 1st Pl
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