$8,000,000 25,004 SF

Property Description

MAGELLAN -a 8 story new condo bldg in up and coming Midwood, Brooklyn. Midwood has a rich pre-Hollywood film making history and part of the Victorian Historical area. Flatbush and Midwood was originally one- deemed by New York Magazine as the most diverse area in the world, a true jewel of Harmony. 12 2BR 2 Baths new condo units, avg 1200 net sf per unit-Avg Mkt Price $700/sf,CC plus r.e. tax=$300/mth 1 Community Facility 3212 sf on ground flr 7 Ind. Parking Spots 2 private Terraces on roof top for sale Possible Net income is $320,400/yr CAP RATE 3.8% Final CO obtained Oct. 2018 6 yrs tax abatement high ceiling, hard eng. wood fl, granite kitc. top. Grass Roof w/ 360 city views for yoga, picnics, star gazing *Large Window, wide gorgeous Skyline Views, sunlight in every rm**Spacious Layout **2 Balconies, Tall Bathtub**CENTRALLY located to all highways, transportation, retail, eateries.**
Courtesy of Usrealty.com Llp

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Charles Olson

718-954-8401
Keller Williams Realty Empire

1916 Ocean Avenue
Brooklyn, 11230

$8,000,000
0 Beds / 0 Bath
25004 Sq. Feet
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1916 Ocean Avenue
Brooklyn, 11230

$8,000,000
0 Beds / 0 Bath
25004 Sq. Feet