Listed by IPRG Investment Property Realty Group
$5,500,000
340 Irving Avenue
Details
APN 03344-0133
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,396
Units 10
Cap Rate 5.38%
NOI $295,769
Occupancy 100%
Tenancy Multi
Price per SqFt $529
Year Built 2020
Stories 4
Zoning R6
Investment Type Stabilized
Multifamily | 10 Units | $550,000/unit
Marketing description
Investment Property Realty Group (IPRG) is pleased to present 340 Irving Avenue, a modern new construction building that received its Final CO in 2020. With no tax abatement or exemption, the property is a true statutorily free market asset, offering long-term income stability and maximum operational flexibility.
Built 34.67 ft × 58 ft, the property features an efficient layout with a desirable mix of one- and two-bedroom apartments, appealing to the strong tenant base drawn to the neighborhood. The building has been impeccably maintained since completion and benefits from high-quality construction and contemporary finishes throughout.
Situated in a prime Bushwick location, just steps from the Myrtle–Wyckoff L/M trains, the property offers exceptional connectivity and consistent rental demand. Surrounded by a vibrant mix of local retail, dining, and neighborhood amenities, 340 Irving Avenue presents an outstanding opportunity to acquire a turnkey, cash-flowing multifamily asset in one of Brooklyn’s most dynamic and ever growing submarkets.
Investment highlights
Listing Contacts
Listed by IPRG Investment Property Realty Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$295,769.00
$24,647.42/mo
Valuation Metrics
0
DSCR
5.38%
Cap Rate
5.38%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
