Listed by Matheos Realty Group
$8,500,000
601 40th Street | 43 units | Sunset Park
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,000
Units 43
Cap Rate 7.53%
NOI $640,000
Occupancy 100%
Price per SqFt $266
Buildings 1
Stories 4
Zoning R6B
Investment Type Stabilized
Multifamily | 43 Units | $197,674/unit
Marketing description
Matheos Realty Group has been exclusively retained to represent ownership in the sale of the well-maintained,
multifamily building located in the heart of Sunset Park, Brooklyn. The property
consists of 43 residential units— 41 of which are rent-stabilized and 2 free market—spanning approximately
32,000 square feet.
Meticulously managed, each building features on-site laundry facilities and offers a quality living environment,
contributing to strong tenant retention and long-term stability. With a total gross annual income of $969,770
and a net operating income of $639,863.
Listing Contacts
Listed by Matheos Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$640,000.00
$53,333.33/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
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