Listed by Evergreen Realty and Investments
$950,000
1365 Dekalb Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,500
Units 6
NOI $59,549
Year Built 1931
Buildings 1
Stories 3
Lot Size (SqFt) 2,263
Multifamily | 6 Units: 1 Free Market and 5 Rent Stabilized
Marketing description
Semi-attached six-unit building Located in prime Bushwick
Total building size: 4,500 sq ft
Lot dimensions: 25 x 90.5 (2,263 sq ft)
Actual gross annual income: $94,557.72
Units:
1R: Section 8 tenant
2R: Rent paid through HRA since 2023 (2 year lease)
3R: Free-market unit (month-to-month)
1L, 2L, 3L: Rent-stabilized units
Free market unit is fully renovated, including a new dishwasher and washer/dryer.
2A Tax Class: Capped annual tax increases
6.26 Actual cap rate.
7.53 Potential cap rate.
Steps away from the L and M trains, restaurants, shops, cafes, bars and many conveniences.
Listing Contacts
Listed by Evergreen Realty and Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,549.00
$4,962.42/mo
Valuation Metrics
0
DSCR
6.27%
Cap Rate
6.27%
ROI
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