Brooklyn, NY Downtown multi-family Building for sale, Cap Rate: 8.00%

14,100 sf,    Cap Rate: 8.00%
Building Type: Apartment Units Year Built: 2009, 14,100 square foot newly constructed elevator building consisting of 18 residential apartments. Six stories include a penthouse floor with private terraces and a basement with fitness room, laundry, and an indoor garage with 11 parking spaces. Common courtyard at the back. Property is located on Avenue, two blocks to the “J”, “M”, and “Z” subway stop and six to the “L”. Completion scheduled for the fall of 2009. Will be delivered as a finished condominium building,
rental, or student housing facility (with a comprehensive business plan in place).