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143 Wilson Ave 10 Unit Apartment Building $1,600,000 ($160,000/Unit) 8.16% Cap Rate Brooklyn, NY 11237
Investment Highlights
- 10 Unit Cash Flowing Multifamily
- The building totals approximately 4,500 SF and is currently generating $196,000 in gross income
- This is a straightforward multifamily asset with attractive current yield and the benefit of being located in a high-demand rental submarket
- The property is a solid 10-unit multifamily building located in the heart of Bushwick, Brooklyn
- Average in-place rents of $1,641 per unit leave room for continued growth as the neighborhood continues to strengthen
- Clean, income-producing multifamily play in a neighborhood that continues to attract both renters and investors
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 143 Wilson Avenue. The property is a solid 10-unit multifamily building located in the heart of Bushwick, Brooklyn. The property offers stable residential income in one of Brooklyn’s most active and well-located neighborhoods, with convenient access to both the L and M trains and strong ongoing demand from renters. The building totals approximately 4,500 SF and is currently generating $196,000 in gross income. Average in-place rents of
$1,641 per unit leave room for continued growth as the neighborhood continues to strengthen. This is a straightforward multifamily asset with attractive current yield and the benefit of being located in a high-demand rental submarket with excellent transit access and limited new supply of similar-scale buildings.
This is a clean, income-producing multifamily play in a neighborhood that continues to attract both renters and investors. Ideal for an investor seeking current cash flow.
$1,641 per unit leave room for continued growth as the neighborhood continues to strengthen. This is a straightforward multifamily asset with attractive current yield and the benefit of being located in a high-demand rental submarket with excellent transit access and limited new supply of similar-scale buildings.
This is a clean, income-producing multifamily play in a neighborhood that continues to attract both renters and investors. Ideal for an investor seeking current cash flow.
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $160,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Cap Rate | 8.16% | No. Stories | 3 |
| No. Units | 10 | Year Built | 1931 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R6 | ||
| Price | $1,600,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,500 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03209-0002 | Improvements Assessment | $449,100 |
| Land Assessment | $108,000 | Total Assessment | $557,100 |
Property Taxes
Parcel Number
03209-0002
Land Assessment
$108,000
Improvements Assessment
$449,100
Total Assessment
$557,100
Contacts
-
Steve Reynolds -
Derek Bestreich -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
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