Brand new construction in Brooklyn - off-market fourplex

[Ben Toth]

4-unit multifamily building that is currently off market.

BRAND NEW CONSTRUCTION. The land was recently bought, developed, and priced.

It has a 15-YEAR TAX ABATEMENT so the monthly charges will be around between $300-500!

Cap rate ~ 5%.

The entire building could be sold for 2-3% under the original price. Developer/architect said he can try to cut 20-50K from each unit.

So basically - if you add each column (see below), developer can likely cut 2-3% from that total price. 

I can show the space any time this week.