Type:
Multifamily
Sq Ft:
6,028
Units:
Property Description
IPRG is pleased to present 67 Hawthorne Street for sale. The property is a new construction 8-unit property with a 2-car garage, built 20 ft. x 71 ft. with front and back 2 BR apartments, on a 24 ft. x 126.25 ft. lot. The property was originally constructed as a 3-unit building and was converted to the current use via a Vertical Enlargement Alteration Type 1 that was approved and signed off by NYC DOB and completed in January 2015. The property currently benefits from a J51 Tax Exemption, which carries a 14-year term and commenced in 2018, and a J51 Tax Abatement with $81,972.20 remaining benefit.
This is an opportunity to own a renovated 8-unit apartment building at an attractive cost basis and in place cash flow in an solid Brooklyn sub market that is showing continued growth.
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Block & Lot:
05042-0084
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Neighborhood:
Prospect-Lefferts-Gardens
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Cross Streets:
Bedford Ave & Flatbush Ave
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Building Dimensions:
20 ft x 71 ft
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Lot Dimensions:
24 ft x 126.25 ft
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Units:
8
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Total Approx. SF:
6,028
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Zoning:
R6
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FAR:
2.43
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Tax Class:
2B
