Listed by Keller Williams NYC
$5,900,000
762 & 764 East 32nd Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,800
Units 16
Cap Rate 7.41%
NOI $437,251
Occupancy 100%
Price per SqFt $546
Class A
Year Built 2020
Buildings 2
Stories 4
Lot Size (SqFt) 4,000
Investment Type Stabilized
Ground Lease No
Multifamily | 16 Units | 7% CAP rate
Marketing description
KW Commercial has been retained for the sale of this double property in Flatbush, Brooklyn NY.
This is an amazing opportunity to purchase two connected side-by-side multifamily properties of 8 units each, new construction from 2020.
About the Buildings:
• 2020 construction, 4 Story apartment building
• 16 residential units
2 one bedrooms
12 two Bedrooms
2 three Bedrooms
• All units have balconies
• Washer / dryer in each unit
• Air conditioning
• Hardwood floors & high ceilings
• Stone Kitchen Counter tops
• 421-A tax exemption till 2055
• 10,800 square feet combined
• Lot size 40 x 100
• Built size 40 x 70
• Each unit is separately metered for gas and electric
• Both are protected tax class 2B
Listing Contacts
Listed by Keller Williams NYC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$437,251.00
$36,437.58/mo
Valuation Metrics
0
DSCR
7.41%
Cap Rate
7.41%
ROI
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