245 Martense St | Brooklyn, NY 11226
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- LoopNet Team
245 Martense St
Brooklyn, NY 11226
100% Rent-Stabilized Asset with Upside · Build-to-Rent Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Four-story, eight-unit apartment building one block from NY 27/Linden Avenue in the heart of the Flatbush, Brooklyn, neighborhood in New York City.
- Lucrative, fully occupied investment with noteworthy upside potential through increased rental rates at the legal amount, driving desirable revenue.
- Robust, renter-centric community of 2.6 million residents living within a 5-mile radius generating an average household income of nearly $100,000.
- Perfectly positioned just a two-minute walk from Church Avenue Station, with easy access to the 2 and 5 trains and a diverse array of local amenities.
- Accessibly situated within walking distance of popular conveniences, including Dunkin’, Target, Planet Fitness, CVS, McDonald’s, Wendy’s, and more.
- Adventurously located by Prospect Park, offering a range of outdoor activities and home to the Prospect Park Zoo and Brooklyn Botanic Garden.
PROPERTY FACTS
| Sale Condition | Auction Sale | Total Plot Size | 0.06 ac |
| Type of Ownership | Fee Simple | Property Size | 7,260 sq ft |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Build-to-Rent | No. Floors | 4 |
| Property Subtype | Apartment | Year Built | 1998 |
| Apartment Style | Mid-Rise | Parcel Number | 05088-0063 |
| Costar Property Class | C | ||
| Use Class | R6 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 8 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.06 ac |
| Property Size | 7,260 sq ft |
| Average Occupancy | 88% |
| No. Floors | 4 |
| Year Built | 1998 |
| Use Class | R6 |
| Parcel Number | 05088-0063 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 8 | - | - |
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