244 Saratoga Avenue

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244 Saratoga Avenue

Brooklyn, NY 11233
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

What's Special

Land | 1,015 SqFt <ul><li>​DEVELOPMENT READY - R5B zoning • Up to ~1,370 SF buildable (2,030 SF with City of Yes)</li><li>​PRIME LOCATION - Walk to 3 train • Near A/C/J/Z • Bed-Stuy's hottest corridor</li><li>​LOW HOLDING COSTS - Only ~$964/year in property taxes while you plan & permit</li><li>​STRONG MARKET - Bed-Stuy median home price $1.6M • 15%+ appreciation in 5 years</li></ul>

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times