Updated over 7 years ago on .
Brand new construction in Brooklyn - off-market fourplex
4-unit multifamily building that is currently off market.
BRAND NEW CONSTRUCTION. The land was recently bought, developed, and priced.
It has a 15-YEAR TAX ABATEMENT so the monthly charges will be around between $300-500!
Cap rate ~ 5%.
The entire building could be sold for 2-3% under the original price. Developer/architect said he can try to cut 20-50K from each unit.
So basically - if you add each column (see below), developer can likely cut 2-3% from that total price.
I can show the space any time this week.
Offering