Listed by KMS Realty Group
$2,488,888
1301 70th Street
Details
APN 06156-0001
Property Type Multifamily, Office
Sub Type Apartment Building, Traditional Office
Square Footage 9,450
Units 14
Cap Rate 5.00%
NOI $126,393
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 4
Price per SqFt $263
Year Built 1924
Buildings 1
Stories 3
Acreage 0.080
Zoning C1-3
Fully occupied turn key mixed use property 2 stores, 12 apts
Marketing description
Exceptional Mixed-Use Investment Opportunity in Prime Dyker Heights
We are proud to present a rare and highly lucrative 14-unit mixed-use property for sale in the heart of Dyker Heights, Brooklyn. Located in one of the borough's most sought-after and high-demand neighborhoods, this well-maintained building offers a diversified and stable income stream for the savvy investor.
Building Highlights:
14 Total Units: The property consists of 12 residential apartments and two valuable street-level commercial storefronts.
Diverse Residential Mix: The residential component includes a variety of layouts to attract a wide range of tenants. The unit breakdown is:
Two studios
Nine one-bedroom apartments
One spacious two-bedroom apartment
Valuable Commercial Space: The two retail storefronts provide an excellent anchor for the building's income and cater to the bustling local economy and pedestrian traffic.
Fully Finished Basement: for added value, the fully finished basement includes an office space, offering the potential for additional revenue or a dedicated management area.
Prime Dyker Heights Location:
This property is situated in an area known for its beautiful, tree-lined streets and strong community feel. The neighborhood features:
Excellent Commuter Access: Residents have convenient access to public transportation, including the nearby D, N, W, and R subway lines, and multiple bus routes for easy travel to other parts of Brooklyn and Manhattan.
Strong Local Amenities: The building is close to a vibrant mix of mom-and-pop shops, Italian delis and markets, cafes, and a variety of dining options, offering a high quality of life for residents.
Recreational Opportunities: Dyker Beach Park, McKinley Park, and Shore Park are all easily accessible, providing ample green space and recreational facilities.
Investment highlights
- 14 Total Units: The property consists of 12 residential apartments and two valuable street-level commercial storefronts.
- Diverse Residential Mix: The residential component includes a variety of layouts to attract a wide range of tenants. The unit breakdown is:
- Two studios
- Nine one-bedroom apartments
- One spacious two-bedroom apartment
- Valuable Commercial Space: The two retail storefronts provide an excellent anchor for the building's income and cater to the bustling local economy and pedestrian traffic.
- Fully Finished Basement: for added value, the fully finished basement includes an office space, offering the potential for additional revenue or a dedicated management area.
- Prime Dyker Heights Location: This property is situated in an area known for its beautiful, tree-lined streets and strong community feel. The neighborhood features:
- Excellent Commuter Access: Residents have convenient access to public transportation, including the nearby D, N, W, and R subway lines, and multiple bus routes for easy travel to other parts of Brooklyn and Manhattan.
- Strong Local Amenities: The building is close to a vibrant mix of mom-and-pop shops, Italian delis and markets, cafes, and a variety of dining options, offering a high quality of life for residents.
- Recreational Opportunities: Dyker Beach Park, McKinley Park, and Shore Park are all easily accessible, providing ample green space and recreational facilities.
Listing Contacts
Listed by KMS Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,393.00
$10,532.75/mo
Valuation Metrics
0
DSCR
5.08%
Cap Rate
5.08%
ROI
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