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Red Hook 8-Family Apartment Building ,
  • Square Feet 5,600
  • Price/SF $508.93
  • Annual Tax Bill $13,715
$2,850,000
  • Status For Sale
  • Year Built 1931

About This Property

Property Overview:

8 residential units

Marcus & Millichap is proud to present 164 Dikeman Street, a multifamily building comprised of 8 two-bedroom apartments (5 of which are free-market). The property is located on Dikeman Street between Ferris Street & Conover Street in the Red Hook neighborhood of Brooklyn.

The subject property was built in 1931 and measures 25 feet wide by 56 feet deep on a lot that extends 100 feet deep. The property is zoned M2-I. The subject property is walking distance from the Carroll Street [F, G]
Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Property Highlights

  • 8-Family Apartment Building in One of Brooklyn's Most Up and Coming Neighborhoods
  • Upside in 5 Free-Market Apartments that Have All Been Renovated in the Past Few Years and Need Minimal Work in Order to Achieve Top of the Market Rents
  • All 5 Free-Market Apartments Feature a Washer-Dryer in-Unit
  • Electric and Hot Water Heater Both Approximately 5 Years Old
  • The Building Also Features a Verizon Cell Tower on Lease for Another 6-Years

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