Updated3/22/2016
Added12/9/2013

25 Pierrepont St

About this Property
Itzhaki Properties, as exclusive agent, is pleased to offer 25 Pierrepont Street, a Brooklyn Heights residential building situated one block from the Promenade. We invite residential and commercial brokers to participate in the sales effort of this wonderful opportunity. Located on the corner of Pierrepont and Willow Streets, 25 Pierrepont is a five-story walk-up multi-family building consisting of nine apartments. The building boasts exposure on two streets and has approximately 6,500 square feet of usable floor area. 25 Pierrepont is positioned to provide ownership with immediate cash flow from the nearly fully leased residential units. The remaining two rent regulated and one vacant free market units provide unrealized future upside. In addition, the free market units can be vacated within a year creating an opportunity for a condo conversion. This property presents a unique opportunity for the right investor for the following reasons: -Prime location, corner property in Brooklyn Heights -One block from the Brooklyn Heights Promenade -Seven Free Market Apartments -Exposure On Two Sides -Rental upside -Future condo or single family conversion
Details
  • Status:No Longer Available
  • Type:Multi-family
Location

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