Listed by Matthews
$2,600,000
16-73 Woodbine Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,600
Net Rentable (SqFt) 5,600
Units 6
Cap Rate 6.71%
NOI $174,395
Occupancy 100%
Pro-Forma Cap Rate 7.99%
Pro-Forma NOI $207,695
Price per SqFt $464
Broker Co-Op Yes
Buildings 1
Stories 3
Lot Size (SqFt) 2,742
Zoning R6B
Investment Type Value Add
27' Wide Free Market 6 Fam | Near Term 8% Cap
Marketing description
Investment highlights
27’ wide fully renovated and free market six family
Currently under leased, averaging $48/SF vs what should be $55+/SF.
What is now a ~7% cap will be an 8% cap in the near term
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
$174,395.00
$14,532.92/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
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