89 Hanson Place
Fort Greene | South Portland Avenue & South Oxford Street
Ownership
Rental Property
Floors/Apts
3/7
Status
Active
Real Estate Taxes
[Per Annum]
$ 17,604
Building Type
Townhouse
Year Built
1930
ASF/ASM
2,700/251
Property Description
Rent-Stabilized Fort Greene Brownstone - Cash Flowing with 5% Cap Rate
This exceptional 7-unit brownstone delivers a net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment contact for building financials and additional photos: / .
This exceptional 7-unit brownstone delivers a net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment contact for building financials and additional photos: / .
Rent-Stabilized Fort Greene Brownstone - Cash Flowing with 5% Cap Rate
This exceptional 7-unit brownstone delivers a net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment contact for building financials and additional photos: / .
This exceptional 7-unit brownstone delivers a net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment contact for building financials and additional photos: / .
Listing Courtesy of Realty Collective
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Building Details [89 Hanson Place]
Ownership
Rental Property
Service Level
Voice Intercom
Access
Walk-up
Block/Lot
2115/16
Building Type
Townhouse
Year Built
1930
Floors/Apts
3/7
Building Amenities
Non-Smoking Building
Mortgage Calculator in [US Dollars]
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Fair Housing
