800 Bergen Street
- Mix of spacious studio, one, and two- bedroom residences, many with private outdoor space
- Tangible rental upside through a value-add business plan as the 421a abatement burns off
- 421a tax abatement, expiring in June 2028
- Surrounded by a strong mix of neighborhood dining, cafés, and nightlife throughout Prospect Heights
- Located within easy access to multiple transit options including the 2/3/4/5/A/C lines
Property Description
Avison Young, as the exclusive agent, is pleased to offer for sale 800 Bergen Street (the “Property”), an 8-story, 52’ elevator building located on the south side of Bergen Street between Grand Avenue and Classon Avenue in Prospect Heights. The building consists of thirty-two (32) residential units. The property was constructed in 2001 and benefits from a 421A abatement, which has 2 years remaining, offering short term free-market rental upside. The unit mix consists of 9 Studios, 15 1BD and 8 2BD/1BA.
Broker Details
Avison Young - US - NY - New York (212) 735-8554
Broker Details
Avison Young - US - NY - New York 212 729 1623
Broker Details
Avison Young - US - NY - New York 917 842 6051
Broker Details
Avison Young 212 277 5557
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $8,500,000 |
| Lot Size: | 28,912.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
315 S Albany Street
Ithaca, New York
1697 Electric Avenue
Buffalo, New YorkBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout