Listed by Compass Union Square
$2,095,000
335 21st Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,800
Units 4
Cap Rate 6.00%
NOI $138,050
Price per SqFt $748
Year Built 1899
Stories 3
Lot Size (SqFt) 2,504
Multifamily | 6.00% CAP | 4 Units
Marketing description
Introducing 335 21st Street, a prime multi-family property offering exceptional income potential with a high rent roll and a solid 6% cap rate. This income-producing asset features a rear duplex, maximizing rental opportunities on a generous 25×100 lot. With 2,204 sq ft of unused FAR, there’s significant value-add potential, making it perfect for future condo development or expansion. Situated in a rapidly growing area, this property benefits from low taxes, enhancing overall returns. The high cap rate, combined with value-add opportunities, ensures strong cash flow both now and in the future. Don’t miss this rare investment with tremendous upside and development possibilities!
Listing Contacts
Listed by Compass Union Square
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,050.00
$11,504.17/mo
Valuation Metrics
0
DSCR
6.59%
Cap Rate
6.59%
ROI
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