East New York, Brooklyn
Asking Price $15,500,000 | 6% Cap Rate
Address
975 Liberty Avenue, East New York, Brooklyn
Block
4157
Lot
32
Gross Lot SF
8,812 SF (approx.)
Building SF
40,429 SF (approx.)
Year Built
2018
Residential Units
41
Commercial Units
6
Zoning
R6A, R5B, C2-4
Property Taxes (with Affordable NY)
$43,920
RIPCO REAL ESTATE & THE PROPERTY FIRM have been retained on a co-exclusive basis to arrange for the sale of 975 LIBERTY AVENUE — in East New York, Brooklyn.
The subject property is a 7-story new construction elevator building with 41 apartments, six commercial units, and on-site parking above-grade. The building benefits from a 35-year Affordable New York tax exemption. The apartments have high-end finishes, central a/c, large windows in the bedrooms and living rooms, stainless steel appliances, dishwashers, and electric stoves. The residents of the building also benefit from a gym and communal recreation room, a card operated laundry room, rooftop lounge, a bike room, and on-site parking. Additionally, several of the apartments have extra-large terraces and balcony spaces. The ground floor and lower level commercial space is occupied by an optical store, a home health care office, and other community oriented tenants.
For additional information, please reach out to the exclusive brokers.
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