Property
Ownership: | income-property |
---|---|
Rooms: | 20 |
Bedrooms: | Studio |
Pets: | Pets Unknown |
Financials
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 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 $2,300, Security Deposit $2,300, Pro Forma $2,250, 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: $266,400 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) - Annual NOI: $214,236
Amenities
Bike Room; Laundry Room;
- Laundry Room
- Voice Intercom
- Walk-up
Neighborhood
Welcome to 10 Fort Greene Place an elegant, rare, 30 wide four story building with 8 studio apartments.
















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 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 $2,300, Security Deposit $2,300, Pro Forma $2,250, 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: $266,400 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) - Annual NOI: $214,236
Amenities
Bike Room; Laundry Room;
- Laundry Room
- Voice Intercom
- Walk-up
Neighborhood

RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.