Courtesy of: Francesco Galeano, FRANK GALEANO LICENSED REAL ESTATE BROKER INC, frankgaleano@aol.com
Courtesy of: Francesco Galeano, FRANK GALEANO LICENSED REAL ESTATE BROKER INC, frankgaleano@aol.com
$3,500,000
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8.00 Bath (8 Full)
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Lot: 0.06 Acres
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Other
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$3,500,000
89 Luquer Street 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.
Courtesy of: Francesco Galeano, FRANK GALEANO LICENSED REAL ESTATE BROKER INC, frankgaleano@aol.com
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