New This Week
$ 3,700,000
Building For Sale
Property Type
Active
Status
20
Rooms
6,222/578
ASF/ASM
$ 288
Real Estate Taxes
[Per Annum]
Building Details
Multi-Family
Ownership
Townhouse
Building Type
Voice Intercom
Service Level
Walk-up
Access
1768/46
Block/Lot
24'x90'
Lot Size
2014
Year Built
5/8
Floors/Apts
Description
296 Throop Avenue presents a rare opportunity to acquire a newly constructed, 8-family multifamily building in the heart of Brooklyn. Built in 2014, the property spans approximately 6,277 square feet above grade and offers a desirable mix of one- and two-bedroom residences with high-end finishes throughout.
With strong in-place income, exceptionally low expenses, and annual real estate taxes of just $289 thanks to a 421A tax abatement in place through 2042, the property delivers attractive long-term investment fundamentals. Its modern construction, efficient layouts, and favorable tax structure make 296 Throop Avenue especially compelling for investors and 1031 exchange buyers seeking stable income with minimal operating costs.
296 Throop Avenue presents a rare opportunity to acquire a newly constructed, 8-family multifamily building in the heart of Brooklyn. Built in 2014, the property spans approximately 6,277 square feet above grade and offers a desirable mix of one- and two-bedroom residences with high-end finishes throughout.
With strong in-place income, exceptionally low expenses, and annual real estate taxes of just $289 thanks to a 421A tax abatement in place through 2042, the property delivers attractive long-term investment fundamentals. Its modern construction, efficient layouts, and favorable tax structure make 296 Throop Avenue especially compelling for investors and 1031 exchange buyers seeking stable income with minimal operating costs.
Listing Courtesy of Douglas Elliman Real Estate
Features
A/C [Central]
Garden
Laundry Room
Roof Deck
Contact
Chad Kessler
License
Licensed As: Chad Kessler
Licensed Associate Real Estate Broker
Mortgage Calculator
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 64834TH
