Description

Welcome to 10 Fort Greene Place—an elegant, rare, 30-wide four-story building with 8 studio apartments. Each apartment is thoughtfully laid out to maximize rental value and the property has been very well maintained. This building is fully leased with 1-year-free-market leases. Ideal for an investor looking to build equity in one of New York's most desirable and storied neighborhoods, or a prime opportunity for a single-family mansion conversion on a beautiful brownstone block right next to coveted Fort Greene Park. These apartments feature oak floors throughout, eat-in kitchens with full-sized appliances and hardwood cabinetry. Large southeast- and northwest-facing windows bathe the interiors in natural light. The building also has a large and very private backyard. The building also offers laundry facilities and bike storage in the basement. The building’s prime location ensures easy access to the vibrant offerings of the Fort Greene neighborhood, including shops, restaurants, and cultural venues such as the Brooklyn Academy of Music, Theater for a New Audience, Mark Morris Dance Center, and the legendary Fort Greene Saturday Farmer’s Market. This perfect location is accessible by nearly every train line in the city via Atlantic Terminal, as well as the LIRR. Please note brokers must collect their fees from their clients. Please see the 3D tour link below. Explore the Virtual Tour Rent Roll 2025 - 1L: Lease ends 07/31/25, Rent $3,000, Security Deposit $3,000, Pro Forma $3,000, January Rent: $3,000 - 1R: Lease ends 07/31/25, Rent $2,075, Security Deposit $2,075, Pro Forma $2,500, January Rent: $2,075 - 2L: Lease ends 07/31/25, Rent $3,000, Security Deposit $3,000, Pro Forma $3,000, January Rent: $3,000 - 2R: Lease ends 07/31/25, Rent $2,500, Security Deposit $2,100, Pro Forma $2,500, January Rent: $2,500 - 3L: Lease ends 06/30/25, Rent $2,500, Security Deposit $2,300, Pro Forma $3,000, January Rent: $2,500 - 3R: Lease ends 03/30/25, Rent $2,250, Security Deposit $2,250, Pro Forma $2,500, January Rent: $2,250 - 4L: Lease ends 06/30/25, Rent $2,665, Security Deposit $2,665, Pro Forma $3,000, January Rent: $2,665 - 4R: Lease ends 08/30/25, Rent $2,600, Security Deposit $2,650, Pro Forma $2,700, January Rent: $2,650 Total Collected - Annual Rent (Pro Forma): $266,400 - Annual Rent (January Rent): $247,680 Expenses - Real Estate Tax: $26,917 - Cleaning & Sanitation: $10,000 - Heat: $6,506 - Insurance: $6,434 - Water & Sewer: $2,308 Total Expenses: $52,165 Net Operating Income (NOI) - NOI (Pro Forma): $214,235 - NOI (January Rent): $195,515 Listing courtesy of Compass ...
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