10
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Listing Courtesy of Douglas Elliman Real Estate
$3,800,000
Est. payment /mo
8 Beds
6 Baths
New
237 BAINBRIDGE Street Brooklyn, NY 11233
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Stuyvesant Heights
MLS Listing ID RLS20099774
Bedrooms 8
Full Baths 7
Half Baths 2
HOA Y/N No
Year Built 2013
Annual Tax Amount $11,208
Property Sub-Type Multi Family
Property Description
237 Bainbridge Street presents a strong opportunity to acquire a newly constructed 8-family multifamily building in the heart of Brooklyn. Built in 2013, the property spans approximately 5,989 square feet and sits within a 30-foot-wide building, offering a desirable mix of one- and two-bedroom residences. The property benefits from high in-place income, very low expenses, and annual real estate taxes of $11,231, supported by a 421A tax abatement in place through 2031. Upon expiration of the abatement period, future ownership may have the opportunity to increase rents or explore a potential condominium conversion, subject to applicable approvals. Located just a 5-minute walk from the A/C subway lines, 237 Bainbridge offers excellent access, strong investment fundamentals, and a highly compelling option for 1031 exchange buyers.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Central Air
Fireplace No
Laundry Building Other
Exterior
Exterior Feature None
Pool Building None
View Y/N No
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 01682-0070
Ownership None
Monthly Total Fees $934
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by New York (LondonFosterNY.com)
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