- For Sale $28,000,000
- Property Type Multi-Family
- Property Size 41,569 SF
- Units 55
- Lot Size 0.2 Acre
- Cap Rate % 6.4
- # of Floors 8
- Parking Spaces Avail. 22
- Parking Ratio 0.53 / 1,000 SF
- Year Built 2023
- Date Updated Feb 17, 2026
Description
• Newly constructed 8-story multifamily with a total of 55 apartments and 22 parking spaces
• New 35-year Affordable NY Tax Abatement 70% Free-Market / 30% Affordable
• Building amenities include: Elevator, Bike Room, Gym, Laundry in Building, Package Room, Parking Available, and Virtual Doorman
• Assumable loan: $22M at 6.5% I/O 5 years
• The property is located at the intersection of Crown Heights, Prospect Heights, and Prospect Lefferts Gardens in Brooklyn, near shopping, dining and entertainment options
• Within walking distance to the President Street Station
• Serious inquires ONLY: Offers with unrealistic terms will be ignored.
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Contacts
Lev Mavashev
Alpha Realty
Dasha Dadobaeva
Alpha Realty
Location
Located at 1042 President St, Brooklyn, NY 11225, this property is part of the Crown Heights neighborhood and Brooklyn market.
Contact Prospect Heights | 55-unit Multifamily | 421a Tax Abatement
