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372 Saint Johns Pl
Brooklyn, NY 11238 Prospect Heights

$10,000,000 USD

Apartments For Sale  •  15,435 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,435 SF
  • Lot Size 0.11 AC
  • Building Class B
  • Year Built 1914
  • Cap Rate 6.14 %
  • Zoning R7A
100 Transit Score
95 Walk Score

Highlights

Full Renovation (2017): The building underwent extensive renovations, including the addition of a fifth floor, modernizing its appeal and maximizing
In-Unit Amenities: Each apartment is equipped with a washer, dryer, and dishwasher, appealing to today’s renter demands.
Value-Add Opportunity: With two current vacancies, fully renting the building would result in a 6.18% cap rate at the asking price and additional ups
Proximity to the 2, 3, B, Q, 4 & 5 Subway Lines

Property Flyers

Cap Rate: 6.14 %

Public Transportation

Commuter RailDriveWalkDistance
Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 4 min 20 min 1.0 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 4 min - 1.3 mi
Transit/SubwayDriveWalkDistance
Eastern Parkway-Brooklyn Museum (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Grand Army Plaza (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
Botanic Garden (Franklin Avenue Shuttle - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
Park Place (S Line) (Franklin Avenue Shuttle - New York MTA Subway (The Subway)) 1 min 10 min 0.5 mi
7 Avenue (B,Q Line) (B - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
AirportDriveWalkDistance
Laguardia 20 min - 10.2 mi
John F Kennedy International 23 min - 12.6 mi
Newark Liberty International 29 min - 15.9 mi
Derek Bestreich 718-360-8801 Investment Property Realty Group
Derek Bestreich 718-360-8801 Investment Property Realty Group