415 Stratford Road
• A prominent six-story, elevator-serviced apartment building spanning approximately 88,000 gross square feet
• The property features a highly desirable amenity package, including a live-in superintendent, on-premises porter, parttime doorman, laundry room, package room, parking garage, inground swimming pool, and private outdoor terraces
• Strong in-place cash flow of $2,360,000 gross annual income, with future upside of $472,331 to be realized over time through recapture of preferential rents
• Features a diverse unit mix totaling 96 units comprised of (20) Studios, (39) 1-bedrooms and (37) 2-bedrooms
• Situated in Ditmas Park, the property is a 5-minute walk to the Cortelyou Road subway station (Q line) and within short walking distance to the Newkirk Avenue station (B/Q lines)
• Located just minutes from the iconic Prospect Park and Brooklyn Botanic Garden. Close proximity to local dining and nightlife along Cortelyou Road including Cafe Madeline and Sycamore Bar & Flower Shop
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| No. of Units: | 96 |
| Cap Rate: | 7.83% |
| Opportunity Zone: | No |
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