383 Prospect Avenue

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383 Prospect Avenue
383 Prospect Avenue
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- 12 BED
- 6 BATH
$3,200,000

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Details

Introducing 383 Prospect Ave: a FREE-MARKET 6-Unit Residential Building in pristine condition, located between 7th Ave and 8th Ave in Park Slope Brooklyn! This prime investment opportunity is delivered fully occupied with fantastic income valued at a 5.4% Cap Rate. The property's current Tax class is 2A .Set on a 25' x 100' lot and the 3 story multifamily residence measures approximately 25' x 50' per floor. Each Unit is a floor-through renovated apartment that requires little to no immediate capital investment. Maximize the return on the investment by maintaining or increasing the current high cash flow! The apartments feature hardwood flooring, exposed brick, high ceilings, oversized windows. The building has coined laundry and individual storage spaces in the cellar all set up.

Located in the center of South Slope and convenience to the plethora of local boutique shops, restaurants and cafes. Easy access into Manhattan with the F and G train only two blocks away. Brooklyn most iconic Prospect Park is only steps away from your door. Not to mention the Barclays Center, the Brooklyn Public Library, Brooklyn Museum, and the Botanical Gardens all within close reach.

Listing Courtesy of Corcoran Group.

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Contact Agent

Adam Heller
President

adam@hellerorg.com
917-439-8300

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Property Information

PRICE
$3,200,000
BEDROOMS
12
BATHROOMS
6
FLOORS | APTS
3
PET POLICY
Pets Allowed

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383 Prospect Avenue

Contact Agent

As the President & CEO of The Heller Organization founded 25 years ago in New York City, Adam brings a wealth of knowledge from all aspects of the market including residential, commercial, and development. He has developed the expertise to facilitate every type of sale or rental transaction, including cooperatives, condominiums, townhouses, retail, office space, and development sites. His keen understanding of construction, architecture, and real estate development, aids in the process of identifying and negotiating the best possible investments for a client’s particular needs.

With over $1 Billion in closed residential and commercial transactions, Adam is continually growing within all aspects of the industry. In recent years he has had a strong emphasis on new development and has been actively involved with the leasing of both the residential and retail components of several high-profile projects throughout New York City. Adam currently manages the leasing for 20 residential projects comprising nearly 2000 high-end rental and condominium units. Additionally, Adam is currently working on several new development projects throughout Manhattan, Brooklyn and Queens, where his firm is actively involved throughout the pre-development phase through the marketing, sales and leasing.

Adam is also a co-managing partner of RAS Realty Partners which owns and operates approximately 2000 multi-family residential units throughout the southeast. RAS Realty Partners is headquartered in Boca Raton, Florida, and brings many decades of collective experience in commercial and residential real estate to every opportunity, specializing in the acquisition, development and operation of multi-family properties across the United States.

Prior to establishing The Heller Organization, Adam worked for Newmark Knight Frank in Downtown Manhattan. He currently serves as an active member of the Real Estate Board of New York, and holds a Masters Degree from Columbia University's Real Estate Development Program and an undergraduate degree in Information Technology from Syracuse University.

Adam Heller

President

adam@hellerorg.com

p: 917-439-8300