237 BAINBRIDGE ST (Off Market)
237 BAINBRIDGE ST , Brooklyn, New York, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : N/A
Land Size : N/A
Bedroom : 8
Bathroom : 5
Half Bathroom : 0
MLS#: 23875578
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.
