Listed by Marcus & Millichap Brooklyn
$3,700,000
297 Troutman Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,500
Units 8
Cap Rate 6.7%
NOI $247,900
Price per SqFt $569
Year Built 1959
Buildings 1
Stories 4
Zoning R6, Brooklyn
Multifamily | 8 Units | $462,500/unit
Marketing description
Investment highlights
Multifamily Building Spanning 6,500 SF Above Grade | 8 High-End Free-Market Units
Prime Bushwick Location | Jefferson Street L-Train
One Three-Bedroom Unit and Seven Two-Bedroom Units Spanning 600+ SF
Box Layout Apartments | Separate Utilities with Split Heating and Cooling
Last Unit Deregulated via High Rent Vacancy in 2009
Asking: $3,700,000 | 6.7% In-Place Cap Rate | Tax Class 2B - $13,697 Annual Tax Bill
Listing Contacts
Listed by Marcus & Millichap Brooklyn
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$247,900.00
$20,658.33/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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