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1446-1448 W 8th St 16 Unit Apartment Building $2,450,000 ($153,125/Unit) 4.95% Cap Rate Brooklyn, NY 11204
INVESTMENT HIGHLIGHTS
- Great investment opportunity
EXECUTIVE SUMMARY
Excellent condition attached 16 family solid brick BEAUTY located in the thriving section of Bensonhurst Brooklyn NY located right of the corner of Bay Parkway for easy access to shopping and all transportation. The building is well kept and has 15 one bedroom units and 1 studio fully occupied with a yearly gross income $222,804.00 with yearly expenses of $ 103,979.00 and the N.O.I $121,324.00(Also super living in the building). This is a great opportunity to add this GEM of a building to you portfolio and it simply will not last long.
PROPERTY FACTS
| Price | $2,450,000 | Property Subtype | Apartment |
| Price Per Unit | $153,125 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.95% | Lot Size | 0.09 AC |
| Sale Condition | 1031 Exchange | Building Size | 12,800 SF |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | R5B - R5 - Medium density district with a height limit of 40 feet | ||
| Price | $2,450,000 |
| Price Per Unit | $153,125 |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| Sale Condition | 1031 Exchange |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 12,800 SF |
| No. Stories | 4 |
| Year Built | 1950 |
| Zoning | R5B - R5 - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 800 |
| Studios | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (90)
PROPERTY TAXES
| Parcel Number | 06576-0026 | Improvements Assessment | $327,600 |
| Land Assessment | $91,800 | Total Assessment | $419,400 |
PROPERTY TAXES
Parcel Number
06576-0026
Land Assessment
$91,800
Improvements Assessment
$327,600
Total Assessment
$419,400
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Presented by
Bergen Basin Realty
1446-1448 W 8th St
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