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31187557
31187549

180 Sumpter Street, New York, NY 11233

$2,329,000
77 days on market
Updated 5 days ago

180 Sumpter Street

Details
APN 01525-0027
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 4,125
Units 5
Cap Rate 7.31%
NOI $170,354
Price per SqFt $565
Year Built 1909
Year Renovated 2025
Acreage 0.057
Zoning R6B

Multifamily | 5 Units | $465,800/unit

Marketing description

7.31% CAP RATE !! **5 family alert** Rare opportunity to own a 5 unit building. All units are free market. Each apartment has two bedrooms, a living room, a dining area, kitchen and a bright bathroom. Gas and electric are separately metered. First floor apartment is the biggest, with 4 bedrooms and access to the backyard and garden. The Entire property has been well maintained through the years. This property has extremely low taxes of a less than $7,000 a year! Located just Two blocks from B25 and B7 buses and the A,C train at Ralph Ave station. J,Z trains available at the Chauncey Station. Two of the apartments are occupied and Three will be delivered vacant. This property has huge potential with a gross of $197,760 and an NOI of $170,354.68 Annually. It is also possible to put laundry in the building basement for extra income.
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$170,354.00
$14,196.17/mo

Valuation Metrics

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DSCR
7.31%
Cap Rate
7.31%
ROI

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