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234 24th St

234 24th St, Brooklyn, NY 11232

  • For Sale Contact for pricing
  • City Brooklyn
  • Neighborhood Greenwood Heights
  • Zip Code 11232
  • Market Brooklyn
  • Property Type Multi-Family
  • Property Size 2,850 Sqft
  • Units 5
  • Lot Size 0.06 Acre
  • Year Built 1940
  • Date Updated 15 Oct, 2020

TerraCRG has been retained to exclusively represent ownership in the sale of a value-add multifamily building in Greenwood Heights. 234 24th Street is located between Third and Fourth Avenues and offers the opportunity to obtain a fully vacant property in one of NYC’s fastest growing submarkets.
After a renovation, the building has a projected rent roll of approximately $145,200 and, at asking price, is offered at approximately $537/above grade SF. The property offers a projected NOI of $114,332 and the current taxes are $6,927.
On the border of buzzing mixed-use neighborhoods, Greenwood Heights and Sunset Park, the property is across the street from the 25th Street R subway entrance as well as the on-ramp to the BQE, providing easy access to Manhattan and beyond. Nearby successful commercial projects include Industry City and Liberty View Plaza, among a plethora of other Brooklyn manufacturers, warehouses, retailers and more.

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Location

  • City Brooklyn, NY
  • Neighborhood Greenwood Heights
  • Zip Code 11232
  • Market Brooklyn

Contacts

Michael Hernandez

TerraCRG

(718) 768-6888

Matt Cosentino

SYSTEM

(718) 768-6888

Tim Thompson

TerraCRG

Jamie Walker

TerraCRG

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 234 24th St?

234 24th St totals 2,850 square feet.

When was this property built?

234 24th St was built in 1940.

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