Building: 141 Columbia Heights

141 Columbia Heights, Brooklyn, New York, a 6 story residential multi-family elevator building that has a total of 16 units plus a super’s unit with access to the roof and stunning 360 degree views.

There are 3 units per floor with 4A/4B and 6A/6B combined to make 2 three bedroom units. Ten apartments are rent stabilized and 6 are fair market apartments. The rent stabilized apartments rent at a approximately 50% under market value and the fair market units are at least 10% below market – all of which offer significant upside potential. The building has space for a laundry room, bike and storage room. The property is located on one of Brooklyn Heights’ most striking and priciest city blocks, Columbia Heights, between Nos. 138-222. It’s just steps away from Brooklyn Heights’ scenic waterfront promenade between Clark and Pierrepont Streets.

This Pre-War building is a rock solid income producing investment and with the improving rental marketplace allows significant upside for an investor seeking a long term hold. 141 Columbia Heights is a well maintained building which has been owned by the same family for over 40 years.

Description provided by Danny Cohen