Listed by Matthews
$5,770,000
35 Kensington Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,450
Units 31
Cap Rate 6.41%
NOI $369,683
Price per SqFt $351
Buildings 1
Multifamily | 34% Upside | 6.41% Cap Rate | $186K PPU | Value-Add | McGinley Square
Investment highlights
Value-Add Opportunity
- 31 Units
- 34% Upside
- 6.41% Cap Rate
- $186K Price Per Unit
Building Highlights
- Brick Building
- Renovated Units
- Laundry in Basement
- New Water Heater & Boiler Replaced in 2025
- Separately metered units
- Tenants pay for cooking gas & electric
- Landlord pay for water/sewer, common area electric, heat, & hot water
- Prime Location in McGinley Square
Convenient Transportation
- The building is approximately a 2-minute walk to the JFK Blvd at Kensington Ave bus stop which provides a 20 minute ride to Manhattan via the PATH train.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$369,683.00
$30,806.92/mo
Valuation Metrics
0
DSCR
6.41%
Cap Rate
6.41%
ROI
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