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17678481
17678482

1371 Greene Ave, Brooklyn, NY 11237

Brick & Mortar
Listed by Brick & Mortar
$1,520,000
752 days on market
Updated 58 days ago

1371 Greene Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,275
Net Rentable (SqFt) 4,275
Units 6
Cap Rate 5.20%
NOI $78,537
Occupancy 100%
Pro-Forma Cap Rate 6.40%
Pro-Forma NOI $91,337
Price per SqFt $356
Broker Co-Op Yes
Year Built 1910
Year Renovated 2018
Buildings 1
Stories 3
Ground Lease No

Multifamily | 6 Units | $253,333/unit

Marketing description

Brick & Mortar is pleased to exclusive represent 1371 Greene Avenue. A turn of the century frame 6 unit building in the heart of Bushwick, steps to the L & M trains, and close to Maria Hernandez Park. At 25' wide by 82.23' deep, this property is on a prime lot in the heart of Bushwick. The building is built to 4,275 sf., and has a full basement. This 6 unit property is an income producer, and is good repair. The rear garden is sizable at 630 sf.. Low taxes , buildable FAR, and a steady rent roll, make this a solid investment. Setup upon request.

Investment highlights

Brick & Mortar is pleased to exclusive represent 1371 Greene Avenue. A turn of the century frame 6 unit building in the heart of Bushwick, steps to the L & M trains, and close to Maria Hernandez Park. At 25' wide by 82.23' deep, this property is on a prime lot in the heart of Bushwick. The building is built to 4,275 sf., and has a full basement. This 6 unit property is an income producer, and is good repair. The rear garden is sizable at 630 sf.. Low taxes , buildable FAR, and a steady rent roll, make this a solid investment. Setup upon request. Upside with 2 non stabilized units and market rent.

Listing Contacts

Brick & Mortar
Listed by Brick & Mortar

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$78,537.00
$6,544.75/mo

Valuation Metrics

0
DSCR
5.17%
Cap Rate
5.17%
ROI

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