9027 Ft Hamilton Pkwy. | 9027 Fort Hamilton Pky
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9027 Ft Hamilton Pkwy. 9027 Fort Hamilton Pky
5 Unit Block of Flats £1,294,826 (£258,965/Unit) 6.16% Net Initial Yield Brooklyn, NY 11209
Investment Highlights
- FANTASTIC FREE MARKET 5 FAMILY SOLID BRICK 3 STORY BUILDING IN A MOST DESIRABLE & CONVENIENT BAY RIDGE/FORT HAMILTON LOCATION
- THIS FABULOUS 5 FAMILY BUILDING IS IN WELL-MAINTAINED CONDITION, WITH MANY UPGRADES.
- AN OUTSTANDING OPPORTUNITY FOR ALL SAVVY INVESTORS -FREE MARKET RENTS/NOT RENT STABILIZED/ OR END-USERS TO OWN A PRIME PIECE OF PROPERTY
Executive Summary
Investment Property Realty Group (IPRG) is pleased to exclusively present this fully free-market 5 family apartment building. The property is located at 9027 Fort Hamilton Parkway between 90th and 92nd Street in the Bay Ridge neighborhood of Brooklyn.
The subject property totals approximately 4,176 square feet and is built 21.42 ft wide by 65 ft deep on a lot that extends 75.08 feet deep. The property is in the highly sought after 2A protected tax class and free-market units allow for a significant value-add opportunity.
The property is a short walking distance to the Bay Ridge - 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn.
HIGHLIGHTS
• Bay Ridge fully-free market 5 family
• Legitimate value-add opportunity - current rent roll averaging $24/SF in a market achieving $35+ / SF
• 100% free-market and in protected tax class 2A - rent growth outpaces expenses
• Long-term family ownership
• Close proximity to 86th Street as well as 3rd and 5th Avenue retail corridors
• Short walk to Bay Ridge 95th Street [R] Train Station
• Excellent location in Bay Ridge – extremely reliable sub-market with strong fundamentals
The subject property totals approximately 4,176 square feet and is built 21.42 ft wide by 65 ft deep on a lot that extends 75.08 feet deep. The property is in the highly sought after 2A protected tax class and free-market units allow for a significant value-add opportunity.
The property is a short walking distance to the Bay Ridge - 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn.
HIGHLIGHTS
• Bay Ridge fully-free market 5 family
• Legitimate value-add opportunity - current rent roll averaging $24/SF in a market achieving $35+ / SF
• 100% free-market and in protected tax class 2A - rent growth outpaces expenses
• Long-term family ownership
• Close proximity to 86th Street as well as 3rd and 5th Avenue retail corridors
• Short walk to Bay Ridge 95th Street [R] Train Station
• Excellent location in Bay Ridge – extremely reliable sub-market with strong fundamentals
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£12,471
|
£2.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£12,471
|
£2.99
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | £12,471 |
| Annual Per SF | £2.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £12,471 |
| Annual Per SF | £2.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1.5 | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (89)
PROPERTY TAXES
| Parcel Number | 06090-0013 | Total Assessment | £217,569 (2024) |
| Land Assessment | £6,399 (2024) | Annual Taxes | £12,471 (£2.99/sf) |
| Improvements Assessment | £211,170 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06090-0013
Land Assessment
£6,399 (2024)
Improvements Assessment
£211,170 (2024)
Total Assessment
£217,569 (2024)
Annual Taxes
£12,471 (£2.99/sf)
Tax Year
2023
zoning
| Zoning Code | R5B, BR |
| R5B, BR |
-
Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Matt Dittmeier -
Investment Property Realty Group
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9027 Ft Hamilton Pkwy. | 9027 Fort Hamilton Pky
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