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137 21st St 5 Unit Apartment Building $3,000,000 ($600,000/Unit) 7.03% Cap Rate Brooklyn, NY 11232
Investment Highlights
- Five unit apartment building located in the Greenwood Heights section of Brooklyn
- The property is located within walking distance to the D, N & R train
- The building contains a total of approximately 4,560 square feet and is built 21 ft by 45 ft and sits on a 25 ft x 100 ft lot
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 137 21st Street. The five unit apartment building is located in Greenwood Heights, Brooklyn.
The entire property has been fully renovated, and all units are free market. It is built 4,560 square feet. It’s dimensions are 21 ft by 45 ft and the lot is 25 ft x 100 ft lot. The property benefits from the highly sought after 2A protected class, with very low annual taxes under $10K.
The property is located within walking distance to the D, N & R train.
The entire property has been fully renovated, and all units are free market. It is built 4,560 square feet. It’s dimensions are 21 ft by 45 ft and the lot is 25 ft x 100 ft lot. The property benefits from the highly sought after 2A protected class, with very low annual taxes under $10K.
The property is located within walking distance to the D, N & R train.
Property Facts
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.03% | Building Size | 6,858 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | M1-2D | ||
| Price | $3,000,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,858 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | M1-2D |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+5 | 1 | - | - |
| 2+2 | 1 | - | - |
| 4+2 | 1 | - | - |
| 1+1 | 2 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00639-0058 | Improvements Assessment | $664,650 |
| Land Assessment | $13,050 | Total Assessment | $677,700 |
Property Taxes
Parcel Number
00639-0058
Land Assessment
$13,050
Improvements Assessment
$664,650
Total Assessment
$677,700
Contacts
-
Luke Sproviero -
Derek Bestreich -
Adam Lobel -
Toby Waring -
Investment Property Realty Group
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