Listed by Alpha Realty NY
$6,000,000
729 & 731 E 32nd St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,720
Units 12
Cap Rate 6.30%
NOI $376,676
Tenancy Multi
Price per SqFt $617
Year Built 2021
Buildings 2
Stories 4
Zoning R6
Multifamily | 6.30% CAP | 12 Units
Marketing description
The property is located in the Flatbush section of Brooklyn, near shopping, dining and entertainment options. Within walking distance to the Flatbush Avenue Station.
Investment highlights
- Two newly developed walk-up buildings with a total of 12 luxury residential units
- Each building is 65' deep, offering spacious unit layouts with high ceilings
- New 35-year Affordable NY Tax Abatement 70% Free-Market/30% Affordable
- The property is located in the Flatbush section of Brooklyn, near shopping, dining and entertainment options
- Within walking distance to the Flatbush Avenue Station ( train)
Listing Contacts
Listed by Alpha Realty NY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$376,676.00
$31,389.67/mo
Valuation Metrics
0
DSCR
6.28%
Cap Rate
6.28%
ROI
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