Listed by Matthews
$1,395,000
57 Troutman St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,375
Net Rentable (SqFt) 6,375
Units 6
Cap Rate 6.65%
NOI $92,712
Occupancy 100%
Pro-Forma Cap Rate 7.97%
Pro-Forma NOI $111,149
Price per SqFt $219
Broker Co-Op Yes
Buildings 1
Stories 3
Lot Size (SqFt) 2,500
Zoning R6
Investment Type Value Add
6 Units | Near Term 7.75-8% Cap
Marketing description
Investment highlights
25’ x 85' brick 6-family, extremely well located in North Bushwick.
Three of the six units are renovated, free market (50%), and under-leased, currently averaging $37/SF vs what should be $45-50+/SF.
This will trade for only $215 per SF and a 7% Cap in place.
Protected tax class 2A
Download linked OM which contains current and projected rent rolls.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,712.00
$7,726.00/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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