Bridge Advisory Group
Bridge Advisory Group
Listed by Bridge Advisory Group
$5,000,000
509 Saratoga Avenue - 32 Unit Multifamily Building
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,295
Units 32
Cap Rate 7.63%
NOI $381,431
Occupancy 100%
Price per SqFt $235
Class C
Year Built 1930
Buildings 1
Stories 4
Lot Size (SqFt) 7,475
Zoning C4 - 3, (R6)
Investment Type Stabilized
Ground Lease No
Multifamily | 32 Units | $156,250/unit
Marketing description
Stable, Rent-Regulated Cash Flow: Fully occupied 32-unit walk-up with consistent rent collections.
Very Well-Maintained Asset: 4-story prewar brick building, limited deferred maintenance.
Strong Location in Brownsville, Brooklyn - Between Pitkin and Sutter Avenues, near retail corridors and multiple transit lines.
Efficient Operating Structure - Walk-up configuration, separate electric meters, centralized mechanical systems.
Upside Potential - Several leases show opportunity for rent adjustments upon turnover or renewal.
Listing Contacts
Bridge Advisory Group
Bridge Advisory Group
Listed by Bridge Advisory Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$381,431.00
$31,785.92/mo
Valuation Metrics
0
DSCR
7.63%
Cap Rate
7.63%
ROI
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