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1062 62nd St 10 Unit Apartment Building $6,750,000 ($675,000/Unit) Brooklyn, NY 11219
Investment Highlights
- Brand new 2023 construction – turnkey condition
- Actual income from residential units: $337,200 per year
- Actual + Projected total gross income: $457,200 per year
- 10 units total: 10 residential + 6000 sf of office in the lower lever. perfect for professional use
- Actual income from residential units: $337,200 per year
- Modern finishes including central A/C, hardwood floors, and private balconies
Executive Summary
New 2023 | Construction | 10-Unit Multifamily | 6000 Sf Office | Strong Cash Flow
Newly built in 2023, this 10-unit multifamily property + 6000 sf of offices offers strong cash flow in Dyker Heights, Brooklyn.
It features in place income from the ten residential units and projected income from the lower level of 6000 sf perfect for offices and professional use
Lower Level: One large flexible-use unit minimum potential_$10,000 per month ($120,000 annually).? This space is ideal for professional offices, medical suites, or other commercial uses and can also be divided into multiple smaller units
1st Floor: Two residential apartments consisting of two 3-bedroom/2-bath units at $3,700 & $3600 per month
2nd Floor: Four 2-bedroom/1-bath units, each renting for $2,600 per month
3rd Floor: Four 2-bedroom/1-bath units, each renting for $2,600 per month
See the attached Rent Roll Breakdown in the attachments for full details by floor and unit type
Contact me for any questions and a property Tour
Newly built in 2023, this 10-unit multifamily property + 6000 sf of offices offers strong cash flow in Dyker Heights, Brooklyn.
It features in place income from the ten residential units and projected income from the lower level of 6000 sf perfect for offices and professional use
Lower Level: One large flexible-use unit minimum potential_$10,000 per month ($120,000 annually).? This space is ideal for professional offices, medical suites, or other commercial uses and can also be divided into multiple smaller units
1st Floor: Two residential apartments consisting of two 3-bedroom/2-bath units at $3,700 & $3600 per month
2nd Floor: Four 2-bedroom/1-bath units, each renting for $2,600 per month
3rd Floor: Four 2-bedroom/1-bath units, each renting for $2,600 per month
See the attached Rent Roll Breakdown in the attachments for full details by floor and unit type
Contact me for any questions and a property Tour
Property Facts
| Price | $6,750,000 | Building Class | B |
| Price Per Unit | $675,000 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Low-Rise | ||
| Zoning | R5B - Medium-density residential district (40-ft height limit) | ||
| Price | $6,750,000 |
| Price Per Unit | $675,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | R5B - Medium-density residential district (40-ft height limit) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $3,650 | - |
| 2+1 | 8 | $2,600 | - |
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Very walkable
80/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05730-0032 | Improvements Assessment | $1,425,150 |
| Land Assessment | $206,100 | Total Assessment | $1,631,250 |
Property Taxes
Parcel Number
05730-0032
Land Assessment
$206,100
Improvements Assessment
$1,425,150
Total Assessment
$1,631,250
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1062 62nd St