Closed 1/6/2014

16-Unit Multifamily

219 East 17th Street

Prospect Park South

Closed 1/6/2014 at
$4,400,000

16 Residential Units

17,000 Gross SF

4 Stories

Between Albemarle Road & Beverly Road

Subways

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Multifamily 219 East 17th Street, Prospect Park South

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Peter Schubert

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718-705-4461

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Details

Block 5121

Lot 52

Lot Size 50 ft x 100 ft

Building Size 50 ft x 88.83 ft

Building Class C1

Zoning R7A

Lot Sq. Ft. 5,000

FAR 4.00

Total Buildable SF 20,000

Available Air Rights 3,000 SF

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of two multifamily buildings totaling 36 units and 35,000 SF in Ditmas Park and Prospect Park South, Brooklyn. 219 East 17th Street is located between Albermarle Road and Beverly Road. The 17,000 SF property has 14 2-bedroom apartments and two 3-bedroom apartments. The building currently produces rental income of approximately $215,000 annually and is located just three blocks from Prospect Park.

Neighborhood Guide
Prospect Park South