Prospect Heights | 55-unit Multifamily | 421a Tax Abatement

For Sale

1042 President St, Brooklyn, NY 11225

This Brooklyn property for sale is located at 1042 President St. The current listed sale price for Prospect Heights | 55-unit Multifamily | 421a Tax Abatement is $28,000,000. Prospect Heights | 55-unit Multifamily | 421a Tax Abatement is situated on a lot that is 0.2 acre in size.

Contacts

Lev Mavashev

Alpha Realty

Dasha Dadobaeva

Alpha Realty

Property Details

  • Property Type Multi-Family
  • Property Size 41,569 SF
  • Units 55
  • Lot Size 0.2 Acre
  • Cap Rate % 6.4
  • # of Floors 8
  • Parking Spaces Avail. 22
  • Parking Ratio 0.53 / 1,000 SF
  • Year Built 2023
  • Date Updated Feb 17, 2026

• Newly constructed 8-story multifamily with a total of 55 apartments and 22 parking spaces

• New 35-year Affordable NY Tax Abatement 70% Free-Market / 30% Affordable

• Building amenities include: Elevator, Bike Room, Gym, Laundry in Building, Package Room, Parking Available, and Virtual Doorman

• Assumable loan: $22M at 6.5% I/O 5 years

• The property is located at the intersection of Crown Heights, Prospect Heights, and Prospect Lefferts Gardens in Brooklyn, near shopping, dining and entertainment options

• Within walking distance to the President Street Station

• Serious inquires ONLY: Offers with unrealistic terms will be ignored.

 

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Attachments

Getting around

  • 83/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 85/100

    Bike Score ®

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Location

  • City Brooklyn, NY
  • Neighborhood Crown Heights
  • Zip Code 11225
  • Market Brooklyn

Points of Interest

  • Franklin Avenue

    0.18 miles

  • Eastern Parkway–Brooklyn Museum

    0.46 miles

  • Eastern Parkway - Brooklyn Museum

    0.46 miles

  • Norwood Car & Limo

    0.74 miles

  • Kingston Avenue

    0.78 miles

  • International Car Service

    0.82 miles

  • Nostrand Avenue Station Entrance

    0.82 miles

  • Kingston–Throop Avenues

    1.17 miles

  • Arecibo

    1.34 miles

  • Crown Heights–Utica Avenue

    1.36 miles

  • Tesla Supercharger

    0.33 miles

  • BP

    0.37 miles

  • Mobil

    0.52 miles

  • Shell

    0.78 miles

  • Sunoco

    0.90 miles

  • Xpress Lane

    0.96 miles

  • Speedway

    1.28 miles

  • EVgo

    1.35 miles

  • plugNYC

    1.38 miles

  • Revel

    2.19 miles

  • The Brooklyn Museum and Botanic Garden

    0.41 miles

  • Underhill Garage

    0.78 miles

  • Rapid Park

    0.83 miles

  • Garfield Garage

    1.12 miles

  • Cielo Garage

    1.12 miles

  • Kings County Parking Garage

    1.19 miles

  • Car Park Systems

    1.26 miles

  • Ultra Car Park Systems

    1.33 miles

  • Edison ParkFast

    2.13 miles

  • The Parking Club

    2.39 miles

  • The Brooklyn Riviera Hostel

    0.55 miles

  • The Brooklyn Hotel

    0.79 miles

  • La Quinta

    0.81 miles

  • Mirage Brooklyn

    0.98 miles

  • Illumination Bed & Breakfast

    1.28 miles

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    1.54 miles

  • Sonder: The Industrialist

    1.54 miles

  • Towneplace Suites

    1.57 miles

  • Union Hotel

    1.57 miles

  • Tru by Hilton

    1.61 miles

  • Food Town

    0.11 miles

  • Bob & Betty's Food Market

    0.12 miles

  • Union Market

    0.21 miles

  • Western Beef

    0.38 miles

  • MET

    0.45 miles

  • Key Food

    0.54 miles

  • Lincoln Market

    0.57 miles

  • Key Food Urban Market

    0.60 miles

  • Food Garden Market

    0.64 miles

  • Target

    1.24 miles

Contact Prospect Heights | 55-unit Multifamily | 421a Tax Abatement
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