Listed by Kalmon Dolgin Affilliates, Inc.
$4,000,000
230 Borem Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,144
Units 8
Cap Rate 6.00%
NOI $241,233
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $258,023
Price per SqFt $778
Class B
Multifamily | 6.00% CAP | 8 Units
Investment highlights
- 230 Boerum is a boutique 8-unit luxury rental building in East Williamsburg, Brooklyn.
- The building consists of a collection of studios & one-bedroom residences.
- Each apartment boasts open layouts, high ceilings, large windows that provide expansive light and fresh air, modern kitchens & bathrooms, split zone heating & cooling, stainless appliances & in-unit washer & dryer.
- Select apartments feature private balconies & outdoor space.
- Only a few blocks away from the L, J, & M Train lines and is surrounded by an array of restaurants, cafes, and bar
Listing Contacts
Listed by Kalmon Dolgin Affilliates, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$241,233.00
$20,102.75/mo
Valuation Metrics
0
DSCR
6.03%
Cap Rate
6.03%
ROI
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