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372 Saint Johns Place, Brooklyn, NY, 11238

372 Saint Johns Place
$9,850,000

Key Information

Cap Rate
6.15%
$ per SF
$638
Tot. SF
15,435
Lot Size
0.11 Acres
Units
19
Type
Apartments
NOI
$605,727

Highlights

  • Scale With Efficiency: 50’ x 83’ walk-up building with 19 residential units (2X-3BR/2BTH | 8X-2BR/1BTH | 6X-2BR/1BTH | 3X-1BR/1BTH), averaging approximately 700 SF per apartment.
  • 90% Free Market: 17 units are fully free market, 2 units are rent stabilized (one of which has legal rent of $3,190, roughly in line with market).
  • Renovated With High-End Finishes: 18 of the 19 units are fully renovated with high-end appliances and fixtures, and have in-unit laundry
  • Significant Light & Air: Ample windows, southern exposure, and large air shafts provide excellent light and air, allowing for bright and efficient apartment layouts
  • Transit Oriented Location: The 2 & 3 trains are just two blocks away at Eastern Parkway – Brooklyn Museum stop, with access to Midtown Manhattan within 20 minutes.
  • Desirable Location: Close proximity to premier retail, restaurants, and local attractions, including Prospect Park, Grand Army Plaza, Brooklyn Library, Prospect Park Zoo, and the Brooklyn Botanical Garden

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017