Log In/Sign Up
Your email has been sent.
1021 Manhattan Ave 6 Unit Apartment Building $3,600,000 ($600,000/Unit) 5.51% Cap Rate Brooklyn, NY 11222
INVESTMENT HIGHLIGHTS
- Mixed-use property in the heart of Greenpoint with three apartments delivered vacant!
- Renovated in 2015. Qualified Opportunity Zone!
- R7A zone with commercial C2-4 overlay allows for additional 2,005 sf.
EXECUTIVE SUMMARY
I'm happy to offer this income-producing, recently updated mixed-use property on the main artery of Greenpoint. Three apartments might be vacant at the closing. R-7A zone with commercial overlay C2-4 allows for an additional 2,005 SF (please verify it with your architect). The house was last time renovated in 2015. Qualified Opportunity Zone!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,600,000 | Building Class | C |
| Price Per Unit | $600,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 5,500 SF |
| Cap Rate | 5.51% | Average Occupancy | 57% |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1931/2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7A, C2-4 - R-7A zone with commercial overlay C2-4 allows for an additional 2,005 sf (please verify it with your architect). | ||
| Price | $3,600,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 57% |
| No. Stories | 4 |
| Year Built/Renovated | 1931/2015 |
| Opportunity Zone |
Yes |
| Zoning | R7A, C2-4 - R-7A zone with commercial overlay C2-4 allows for an additional 2,005 sf (please verify it with your architect). |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 650 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (88)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 02512-0049 | Improvements Assessment | $894,600 (2025) |
| Land Assessment | $10,350 (2025) | Total Assessment | $904,950 (2025) |
PROPERTY TAXES
Parcel Number
02512-0049
Land Assessment
$10,350 (2025)
Improvements Assessment
$894,600 (2025)
Total Assessment
$904,950 (2025)
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1021 Manhattan Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.