Listed by Andrew Lichtenstein Inc
$6,500,000
Free-Market Multifamily Building, Prime Brooklyn Location
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 10
Cap Rate 5.63%
NOI $366,000
Occupancy 100%
Price per SqFt $1,083
Year Built 1828
Year Renovated 2024
Buildings 1
Stories 4
Lot Size (SqFt) 3,000
Investment Type Value Add
Off-Market Brooklyn Free-Market Multifamily Building | 10 Units | $650,000/unit
Marketing description
The subject property is a multifamily walk-up building located in a desirable section of Brooklyn. Units have been renovated with stainless steel appliances, hardwood floors, and some with a washer/dryer. All free-market rents. It was built in the 1920’s
Investment highlights
Free-Market Rents
Fully Renovated
Listing Contacts
Listed by Andrew Lichtenstein Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$366,000.00
$30,500.00/mo
Valuation Metrics
0
DSCR
5.63%
Cap Rate
5.63%
ROI
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