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Status: Active

237 BAINBRIDGE Street, #

Crown Heights North

$3,800,000
 |  8 Beds  |  5.5 Baths  |  5,989SF

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.

Property Details

  • Multi Family

Amenities

  • Cooling: Central Air
  • View: Other
  • Smoke Free
  • Pets: Building Yes, No

The Neighborhood

Crown
Heights
Crown Heights North

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For information on 237 BAINBRIDGE Street, # contact:

realtor top real estate agent

Michael Caviness

Licensed RE Salesperson

512-909-7314

Licensed RE Salesperson
michaelc@brickandmortar.com
512-909-7314

Listing courtesy of Douglas Elliman Real Estate
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