Listed by Alpha Realty NY
$3,250,000
452 Harman Street
Details
APN 03291-0019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,762
Units 6
Cap Rate 6.00%
NOI $200,843
Occupancy 100%
Tenancy Multi
Price per SqFt $682
Year Built 1901
Buildings 1
Stories 4
Lot Size (SqFt) 2,000
Zoning R6
Investment Type Stabilized
Multifamily | 6.00% CAP | 6 Units
Marketing description
Nestled in the vibrant Bushwick neighborhood of Brooklyn, 452 Harman Street offers an exceptional investment opportunity with a prime block and lot (03291-0019).
Boasting a generous building size of 20 ft x 56.25 ft, this property spans 4,762 SF, providing ample space for diverse residential potential.
With 6 thoughtfully designed apartment units, this 4-story walk-up building promises a steady income stream in a rapidly developing area.
Built in 1901, the property's classic architecture offers both charm and character, perfectly positioned within an R6 zoning district, adding to its versatility for future projects.
Investment highlights
- Nestled in the vibrant Bushwick neighborhood of Brooklyn, 452 Harman Street offers an exceptional investment opportunity with a prime block and lot (03291-0019).
- Boasting a generous building size of 20 ft x 56.25 ft, this property spans 4,762 SF, providing ample space for diverse residential potential.
- With 6 thoughtfully designed apartment units, this 4-story walk-up building promises a steady income stream in a rapidly developing area.
- Built in 1901, the property's classic architecture offers both charm and character, perfectly positioned within an R6 zoning district, adding to its versatility for future projects
- Priced attractively at $3,250,000, the purchase price translates to $682 per square foot, offering great value in one of Brooklyn's most sought-after neighborhoods.
- Generating a robust net operating income (NOI) of $195,065 and a competitive 6% cap rate, this property represents a solid, income-generating investment with significant potential for long-term growth.
Listing Contacts
Listed by Alpha Realty NY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,843.00
$16,736.92/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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