Marcus & Millichap - Tri Borough Multi-Family

15 Crown Street

15 Crown Street
, Brooklyn

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Price: $11,000,000
Building Size: 51,000 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206

Marcus & Millichap is pleased to offer 15 Crown Street, located between Washington Avenue and Franklin Avenue in the Prospect/Crown Heights section of Brooklyn, NY. The subject property is a six story multi-family building that consists of 58 residential units. The property is built 100 ft x 118 ft and sits on a 100 ft x 131 ft lot with approximately 51,000 gross square feet. The property is zoned R8A allowing for approximately 27,000 square feet of available air rights. (Block: 1189 Lot: 68)

Currently the average rents in the building are Studio: $958, One Bedroom: $1,072, Two Bedroom: $1,142 and Three Bedroom: $1,145, Four Bedroom: $2,500.

The property offers investors the rare opportunity to purchase a large elevator apartment building in good condition with a low average apartment rent, located steps from Prospect Park in the Prospect/Crown Heights section of Brooklyn, New York.