$900,000
354 E 21st Street
Details
APN 05124-0051
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Cap Rate 8.00%
NOI $73,380
Year Built 1925
Acreage 0.046
Zoning R7A
Multifamily | 8.00% CAP | 6 Units
Marketing description
This 6-family w/ 3 Market Rent and 3 Rent Stabilized apartments delivers strong, reliable cash flow with an 8.15% cap rate, offering a compelling return in today's market. This prime investment opportunity is located in the South Slope area of Park Slope!
Monthly Rent Roll: $11,244 | Annual Rent Roll: $134,915 | Annual Expenses: $61,535 | NOI: $73,380
Lot: 20 x 100 ft | Building: 20 x 75 ft | 3 Stories + Basement | Zoning: C-2 | 6 Residential Units | Rent Stabilized.
1 apartment on the ground floor has become vacant and will remain so, incase a buyer wishes to be owner operated. Otherwise it can be immediately rented out upon closing.
The property has deferred maintenance and is priced accordingly, representing a straightforward income play for an experienced investor or owner-operator comfortable with a building that requires attention. Income is consistent, making this a steady cash-flowing asset in one of Brooklyn's most sought-after and transit-accessible neighborhoods.
All information deemed reliable but not guaranteed. Buyers to perform their own due diligence.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,380.00
$6,115.00/mo
Valuation Metrics
0
DSCR
8.15%
Cap Rate
8.15%
ROI
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