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17441930
17441928

176 N 8th St, Brooklyn, NY 11211

Charles Rutenberg Realty Inc
Listed by Charles Rutenberg Realty Inc
$5,595,000
767 days on market
Updated 41 days ago

176 North 8th Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,000
Units 8
Cap Rate 5.86%
NOI $327,605
Occupancy 95%
Price per SqFt $1,119
Broker Co-Op Yes
Class A
Year Renovated 2022
Buildings 1
Stories 4
Lot Size (SqFt) 2,500
Zoning R6B
Investment Type Institutional
Ground Lease No
Sale Condition For sale by owner

Perfectly Located off Bedford Ave Eight Beautiful Two Bedrooms - Contemporary

Marketing description

This Property includes seven Free Market Rental Units and one Rent Stabilized Unit. Rent Stabilized is vacant and totally renovated. Property is modernized and all Apartments have FOBS, Video Intercom Systems and are upgraded. Outside Vendor supplied Modern Washer/Dryer and Rentable Storage Units in Lower Level (High Ceilings). Each Apartment has LG Split Systems. Solar Panels for Energy Efficiency. Upgrades too numerous to list including Balconies providing Views. Excellent location right off Bedford Avenue.

We have all the appropriate backup for DHCR,

Investment highlights

  • Seven Units are Free Market & One Two-bedroom Unit to be Delivered Vacant

  • Vacant Unit is Rent Stabilized

  • Four Stories plus Full Lower Level. Lower Kevek has High Ceilings with Batgroom.

  • Brilliantly Updated with Contemporary Kitchens, Bathrooms and Flooring. High Ceilings

  • Laundry Room & Storage Rooms on Premises

  • Separate & Split HVAC Systems for every Apartment

  • Video Intercom System for every Apartment

  • Close to Subway and MTA

  • Highly Efficient Energy Systems

  • Near High-end Restaurants

  • Excellent Condition – Throughout

  • Each Unit has an Outdoor Balcony

Listing Contacts

Charles Rutenberg Realty Inc
Listed by Charles Rutenberg Realty Inc

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$327,605.00
$27,300.42/mo

Valuation Metrics

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DSCR
5.86%
Cap Rate
5.86%
ROI

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