Assignments

4 Family on 40' Wide Lot In Prospect Lefferts Garden

365 Rutland Road, Brooklyn, NY 11225

365 Rutland Road, Brooklyn, NY 11225

under contract

Asking
Sale Price
$
2000000

Property Details

Status
For Sale
Property Type
Multifamily
Price Summary
$
2000000
Sale Price
$
Buildable SF
3712
Building SF
3712
LOT SF
3712
Cap RATE
6.9
%
Zoning
R6

Highlights

  • Renovated (4) Family Delivered Vacant.
  • 50% Of Units Renovated.
  • Roof New (2018), Boiler New (2020), Electrical New (2018).
  • 8,800 BSF (Market),15,600 BSF (UAP).
  • Located .4 Miles From Sterling Street & Nostrand Ave Subway Stop.
  • Low Taxes ($10,910/Yr).
  • Delivered Vacant.

Property DEscription

365 Rutland Road is a (4) family building located on a 40’ x 100’ Lot Zoned R6 located on a Narrow Street (60’). The property has been meticulously maintained over the last 30 years of ownership. All units are (3) Bedroom and (1) bathroom. (2) of the units were recently renovated. Building was recently re-wired (2018), Boiler has been replaced (2020), and the roof was completely redone (2018). The property sits on a 40’ wide lot and can accommodate a 15,600 Sq. Ft. residential building by utilizing Universal Affordability Preference. Alternatively, developers can build a 8,800 Sq. Ft. fully market-rate building for Condominiums. The property is located on a mid-block lot between New York Ave & Nostrand Ave, approximately .4 Miles from the Sterling Street & .3 Miles from the Winthrop Street 2/5 Subway Stops.

Map

Maha Alaoui
Senior Associate
(646) 559-4700
malaoui@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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