
Listed by Brown Harris Stevens
$3,400,000
187 Woodpoint Road
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,259
Units 4
Cap Rate 5.69%
NOI $193,604
Occupancy 100%
Pro-Forma Cap Rate 6.24%
Pro-Forma NOI $212,204
Price per SqFt $798
Class A
Year Built 1999
Year Renovated 2016
Buildings 1
Stories 4
Lot Size (SqFt) 1,728
Zoning R6B
Investment Type Value Add
Ownership LOCAL
Multifamily | 4 Units | $850,000/unit
Marketing description
A 18’ wide four-unit four story building. The property has a two bedroom duplex apartment on the ground floor. The unit has two full bathrooms along with a half bathroom. There is a living/dining area along with the full kitchen. This apartment has access to the back yard.
Floors two through fourth each is a three-bedroom floor-through apartment. The apartments have two full bathrooms along with a full kitchen a living/dining area. All the apartments have nice wood floors, the bedrooms are spacious with a good size closet. The kitchens have stainless steel appliances, along with a washer & dryer, microwave and dishwasher.
There is common hallway storage closets. The apartments are individually metered for gas and electric. The tenants pay their own heat & hot water. The property is located two blocks from Metropolitan Avenue which has nice restaurants and brand name retail stores. The L train is two blocks away on Metroplitan & Graham Avenue.
The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper three floors.
Investment highlights
The property is a prime investment opportunity, because the units are renovated and free market this will allow an investor to always rent them out at full market value.
Listing Contacts

Listed by Brown Harris Stevens
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$193,604.00
$16,133.67/mo
Valuation Metrics
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DSCR
5.69%
Cap Rate
5.69%
ROI
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