991-993 President Street
991-993 President Street, located between Franklin Avenue and Classon Avenue in the Crown Heights section of Brooklyn are two 4-story residential buildings that consist of 63 apartments combined. The properties contain approximately 48,400 gross square feet.
991 President Street is a 4-story residential building that contains 33 apartments. The property is built 60 ft x 110 ft and sits on a 60 ft x 131 ft lot with approximately 21,400 gross square feet. (Block: 1187 Lot: 64)
993 President Street is a 4-story residential building that contains 30 apartments. The property is built 50 ft x 110 ft and sits on a 50 ft x 131 ft lot with approximately 18,000 gross square feet. (Block: 1187 Lot: 66)
Currently there is a J51 Tax Exemption in Place for 993 President St that is in Year 26 of 34.
These properties offer investors the rare opportunity to purchase two substantial apartment buildings steps from Prospect Park and capitalize on a low average apartment rent in the Prospect/Crown Heights Section of Brooklyn, New York.