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1239 36th St., Brooklyn, NY 11218

$6,995,000
Active Listing
Listing Details:
$6,995,000 Price
Single-Family Townhouse Property Type
Kensington / Ocean Pkwy Neighborhood
-- Beds
0 Baths
-- Approx. Sq. Ft.
$5,904 RET
Key Features:
Description:

Corcoran Group is pleased to offer a unique 3 building portfolio deal on the boarder of Borough Park and Kensington at 159 Tehama, 1239 36th Street and 1243 36th Street.1239 36th Street and 1243 36th Street respectively have 6 apartments (12 combined) and 159 Tehama Street have 16 apartments. Each apartment is $258,928! and the apartments are in exceptional condition with a majority of the apartments showcasing stainless steel appliances, exposed brick and quality finishes.At the current asking price, the property is generating a cap rate of 4.82% This 28 apartment portfolio deal grosses $519,652.80 per year!

Total square footage combined for each building is 28,872.

Here are the breakdown of each building:

1239 36th Street:
Block: 5308 Lot: 43
Property Characteristics:Lot Area: 2,435 sq ft (24' x 106.58') of Buildings: 1
Year built: 1931
Building frontage: 24' (Building frontage along the street measured in feet.)
# of floors: 3
Building Area: 4,824 sq ft
Total Units: 6
Residential Units: 6
Primary zoning: R5
Commercial Overlay: None
Floor Area Ratio: 1.98Max.
Allowable Residential FAR: 1.25 Max
Allowable Commercial FAR: 0Max.
Allowable Facility FAR: 21243

1243 36th Street:

Block: 5308 Lot: 42
Property Characteristics:Lot Area: 2,355 sq ft (24' x 103.5')
# of Buildings: 1 Year
built: 1931Building frontage: 24' (Building frontage along the street measured in feet.)
# of floors: 3 Building Area: 4,824 sq ft
Total Units: 6
Residential Units: 6
Primary zoning: R5
Commercial Overlay: None
Floor Area Ratio: 2.05Max.
Allowable Residential FAR: 1.25Max.
Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 2

159 Tehama Street:

Block: 5308 Lot: 1
Property Characteristics:Lot Area: 3,252 sq ft (54.75' x 119.67')
# of Buildings: 1
Year built: 1931
Building frontage: 54' (Building frontage along the street measured in feet.)
# of floors: 4
Building Area: 19,224 sq ft
Total Units: 16 Residential Units: 16
Primary zoning: R5
Commercial Overlay: None
Floor Area Ratio: 5.91
Max. Allowable ResidentialFAR: 1.25
Max.Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 2

Listing courtesy of The Corcoran Group

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