96-Unit Post-war Elevator Building in Ditmas Park

Investment Highlights

• A prominent six-story, elevator-serviced apartment building spanning approximately 88,000 gross square feet
• The property features a highly desirable amenity package, including a live-in superintendent, on-premises porter, parttime doorman, laundry room, package room, parking garage, inground swimming pool, and private outdoor terraces
• Strong in-place cash flow of $2,360,000 gross annual income, with future upside of $472,331 to be realized over time through recapture of preferential rents
• Features a diverse unit mix totaling 96 units comprised of (20) Studios, (39) 1-bedrooms and (37) 2-bedrooms
• Situated in Ditmas Park, the property is a 5-minute walk to the Cortelyou Road subway station (Q line) and within short walking distance to the Newkirk Avenue station (B/Q lines)
• Located just minutes from the iconic Prospect Park and Brooklyn Botanic Garden. Close proximity to local dining and nightlife along Cortelyou Road including Cafe Madeline and Sycamore Bar & Flower Shop