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$ 3,500,000
Est. payment | /mo
8 Baths
5,000 SqFt
$ 3,500,000
Est. payment | /mo
8 Baths
5,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $700
MLS Listing ID 11874756
Full Baths 8
Year Built 1900
Annual Tax Amount $15,324
Lot Size 2,500 Sqft
Property Description
Please reach out for income & expenses set up Outstanding investment opportunity in the heart of Carroll Gardens. This well-maintained 8-family residential building offers approximately 5,000 square feet on a 25' x 100' lot and is located in an R6B zoning district with a FAR of 3, providing approximately 2,500 square feet of additional buildable area for future upside (buyer to verify). Built in 1900, the property features 3 rent-stabilized apartments, with the remaining units offering attractive long-term income potential. The building has been meticulously maintained, and the apartments are in good condition, making it an ideal asset for both seasoned investors and long-term holders. Annual property taxes are approximately $15,324, contributing to a favorable operating profile. Situated in one of Brooklyn's most desirable neighborhoods, the property enjoys a prime Carroll Gardens location with convenient access to Red Hook and Park Slope. Just moments from the F and G subway lines, commuting to Manhattan is quick and convenient. Combining stable income, development potential, and an exceptional location, 89 Luquer Street represents a rare opportunity to acquire a quality multifamily asset in a highly sought-after market.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Building
Story 4
NEARBY SCHOOL & BUSINESS