$1,249,999
309 Stanhope Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,650
Units 6
Cap Rate 4.48%
NOI $56,000
Occupancy 100%
Price per SqFt $269
Year Built 1931
Buildings 1
Stories 3
Lot Size (SqFt) 25,100
Investment Type Stabilized
Multifamily | 6 Units | $208,333/unit
Marketing description
309 Stanhope Street is a well-maintained six-family multifamily, making it an ideal opportunity for investors seeking both immediate income and long-term value growth.
The property has been carefully maintained and features a recently installed boiler, providing peace of mind and reducing capital expenditure for the next owner.
Perfectly positioned just 300 feet from the L train at DeKalb Avenue, the building offers exceptional accessibility and convenience. Residents enjoy immediate proximity to Bushwick’s vibrant restaurant and bar scene, as well as Maria Hernandez Park, making this location a true renter’s dream.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,000.00
$4,666.67/mo
Valuation Metrics
0
DSCR
4.48%
Cap Rate
4.48%
ROI
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