Listed by Matthews
$1,500,000
538 Bainbridge St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,585
Net Rentable (SqFt) 5,585
Units 6
Cap Rate 7.25%
NOI $108,458
Price per SqFt $269
Buildings 1
Stories 3
Lot Size (SqFt) 2,550
Zoning R6
Investment Type Value Add
25.5' Wide Brick 6-Family | 7.25% Cap | 10 GRM
Investment highlights
Cash flowing: Great investment for someone looking to park capital in a cash flowing asset with long-term upside
Building Structure: Dimensions of 25.5’ x 73’ with air shafts provide spacious and bright layouts.
Tax Class Protected: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
Premier Location: located on Idyllic Street, two blocks from Broadway.
Excellent Transportation Access: Conveniently located two blocks from the J, Z Train, allowing for quick and easy transport to Williamsburg and NYC.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,458.00
$9,038.17/mo
Valuation Metrics
0
DSCR
7.23%
Cap Rate
7.23%
ROI
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