Listed by Alpha Realty NY
$3,500,000
Brooklyn — 13 Units + 2 Retail Mixed-Use
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,000
Units 15
Cap Rate 7.40%
NOI $259,729
Price per SqFt $250
Buildings 1
Stories 4
Zoning R8A, C2-4, EC-5
Investment Type Value Add
Multifamily | 7.40% CAP | 15 Units
Marketing description
On the corner of Atlantic Avenue & Jerome Street
4-Story Walk-Up Building| 13 Apartments & 2 Stores | 14,000 SF
Investment highlights
Corner mixed-use building consists of 13 large apartments & 2 commercial spaces
There is a J51 through 2047
The building has been completely gut-renovated including plumbing and electric
The building has value-add potential due to high legal rents
10,363 SF of unused Air Rights available
Within walking distance to the Van Siclen Ave subway station (JZ trains)
Block/Lot: 03950/0041
Layouts: 3/4, 7/5, 3/6
Total Rooms: 65
Total Commercial: 2
FAR (built/allowed): 3.46/6.02
Taxes (25/26): $10,125 (J51)
HPD Violations: 2/A, 16/B, 2/C
Serious inquires ONLY: Offers with unrealistic terms will be ignored.
Listing Contacts
Listed by Alpha Realty NY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$259,729.00
$21,644.08/mo
Valuation Metrics
0
DSCR
7.42%
Cap Rate
7.42%
ROI
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