6 Family Crown Heights
Investment Highlights
Remsen Village Yiddish block Vacant 6 family. Built 5700 Sqft. 3 stories + Full Basement w/8ft ceilings. 22x84 on 30x100 lot. R6. Fully vacated w/ signed surrender agreements. Permits/permits submitted for full reno & conversion to FM. Asking 1.5M
Property delivered fully gutted. Basement has approximately 8’ ceiling height.
Seller represents that surrender agreements are in place for all prior tenants. Permits have been filed with DOB.
There are approximately $200,000 in HPD liens. Property has not been registered with DHCR for approximately 25 years.
Buyer to pursue free market positioning.
Pictures & Videos: https://drive.google.com/drive/folders/1jUCl2zWw52FB2oq97ZsKzI8ogR9sT6Yo?usp=sharing
Location
📍 Crown Heights
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Who finances deals like this
The lenders with the most recorded multifamily mortgages since 2021, from public ACRIS filings.
- JPMORGAN Chase Bank, N.a. — 6,249 loans, typically $85K–$799K
- Citizens Bank NA — 3,374 loans, typically $126K–$660K
- TD Bank NA — 2,670 loans, typically $117K–$500K
- Rocket Mortgage, LLC — 2,561 loans, typically $140K–$528K
- United Wholesale Mortgage, LLC — 2,526 loans, typically $420K–$849K
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Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
