571 Ocean Parkway

This is an amenity-filled luxurious new development rental complex featuring 29 residences with private outdoor areas and 1 commercial unit. Located in the desirable Kensington neighborhood of Brooklyn, this new development offers sophisticated and modern living. All residences come with private outdoor areas. Living room windows reach from floor to ceiling, allowing residents to take in plenty of natural light. Every room in these units are equipped with radiant heated floors that help keep the space warm and comfortable. To maintain the heat inside, the windows are triple pane for added insulation. The kitchens are equipped with custom cabinets and sleek quartz countertops with a matching backsplash. The appliances are all high-quality Samsung stainless steel, ready for tenants to create their culinary masterpiece. AMMENITIES: Gym Pet Spa Virtual Door Attendant Bike Room Radiant Heated Floors Multi-Zone HVAC system Samsung appliances Energy Efficient Sound-Attenuating Windows Washer/Dryer Balcony Triple Pane Windows Elevator Deck Sunken Tubs Programmable Thermostats Secure Building Stone Countertops Near Shops Near Public Transport Brand new development currently being leased with an estimated gross yearly revenue $980,000 Gross SQFT 24,510 Approximate total expenses $140,000 Approximate Cap Rate of 5.1% The portfolio will have a 35 year tax abatement Detailed Rental Revenue and Expenses Available Upon Request