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Posted: Thursday, October 23, 2014 8:47 AM


Richard DiPietro - (718) 921-3100 Ext: 107, Mobile: (347) 693-2997

Multifamily Property For Sale

Multi-Family Building For Sale, East New York

578 Georgia Avenue, Brooklyn, NY 11207

Price: $610,000
No. Units: 4
Building Size: 3,198 SF
Price/Unit: $152,500
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Cap Rate: 8.40%
No. Stories: 2
Year Built: 1930
Lot Size: 2,500 SF
Last Verified: 5/29/2014
Listing ID: 18726293


  • 8.4% Projected Cap Rate
  • $64,200 projected Gross Income / $51,390 projected Net Income
  • 3,198 SF two story building on a 25ft x 100ft lot
  • 3 two bedroom apartments, 1 one bedroom, parking for 2 cars
  • 1,599 SF Lower level can potentially be converted into a legalized apartment.
  • 2,877 SF additional buildable


Coldwell Banker Reliable Commercial Division is pleased to offer 578 Georgia Avenue for sale. A four unit multi-family building located in the East New York neighborhood of Brooklyn. The property consists of 3 two bedroom apartments, 1 one bedroom apartment and parking for 2 cars. Additionally, the lower level can potentially be converted into a legalized apartment. For additional information or to schedule a property tour, please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

East New York is located in the north-easternmost part of Brooklyn, just north of Canarsie. The neighborhood is bordered by Cypress Hill and the Cemetery of the Evergreens to the north, City Line to the east, Canarsie and New Lots to the south and Brownsville and Bed-Stuy to the west. Originally a commuter town that sprung up around mass-transit train lines in the 1830' s, East New York has witnessed waves of immigration throughout its history. As a result, the neighborhood offers a wide variety of multi-ethnic eateries and specialty shops.

Richard DiPietro - (718) 921-3100 Ext: 107, Mobile: (347) 693-2995

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.


578 Georgia Avenue, 11207    google map | yahoo map

• Location: Brooklyn

• Post ID: 49432127 newyork is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider.