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33332232
33332231

187 Bond Street, Brooklyn, NY 11217

DB
NY 10991237362
IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group
$2,500,000
1 day on market
Updated 1 day ago
Opportunity zone

187 Bond Street

Details
APN 00393-0001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,200
Units 7
Cap Rate 7.19%
NOI $179,797
Tenancy Multi
Price per SqFt $481
Year Built 1900
Stories 5
Zoning R6B
Investment Type Stabilized

Multifamily | 7 Units | $357,143/unit

Marketing description

Investment Property Realty Group (IPRG) has been exclusively retained to sell 187 Bond Street. The subject property is a seven-unit apartment building located in the Gowanus section of Brooklyn. The property contains a total of approximately 5,200 square feet and is built 21 feet by 63 feet.

The building includes five rent-stabilized apartments and two free-market apartments, providing a mix of regulated and market-rate income. The property offers stable in-place cash flow with potential for long-term income growth.

187 Bond Street is located in Gowanus, a neighborhood that has experienced significant redevelopment and investment in recent years, with ongoing residential, commercial, and infrastructure improvements contributing to continued neighborhood change.

Investment highlights


Listing Contacts

DB
NY 10991237362
IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$179,797.00
$14,983.08/mo

Valuation Metrics

0
DSCR
7.19%
Cap Rate
7.19%
ROI

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Additional Information

Name
Derek Bestreich
License
10991237362
Brokerage
Investment Property Realty Group
Title
Real Estate Broker
Brokerage Address
45 Broadway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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