Listed by Andrew Lichtenstein Inc
$5,250,000
1463 East 3rd Street, Flatbush/Midwood Section
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,600
Net Rentable (SqFt) 22,000
Units 31
Cap Rate 5.7%
NOI $299,031
Occupancy 100%
Pro-Forma Cap Rate 6.91%
Pro-Forma NOI $362,905
Price per SqFt $232
Year Built 1927
Buildings 1
Stories 4
Lot Size (SqFt) 8,000
Investment Type Stabilized
Brooklyn 4 Story 31-Unit Multifamily PreWar Walk-up Apartment Building
Marketing description
This property is a 4-story prewar architecturally elegant, beautifully built, walk-up multifamily 31-apartment building with a spacious lobby. The building consists of twenty-three (23) 1 Bedrooms, seven (7) 2 Bedrooms, and one (1) 3 Bedroom unit. 102 Rooms Total, and a gross building floor area of 22,600 Square feet, and was built in 1927. It is in the sought-after, desirable neighborhood of Flatbush/Midwood sections of Brooklyn, New York City
Listing Contacts
Listed by Andrew Lichtenstein Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$299,031.00
$24,919.25/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
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