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1450 Greene Ave 3 Unit Apartment Building $1,900,000 ($633,333/Unit) 5.80% Cap Rate Brooklyn, NY 11237
EXECUTIVE SUMMARY
MySpaceNYC has been retained on an exclusive basis to arrange for the sale of 1450 Greene Avenue Brooklyn, a three-story, fully occupied, residential building in the trendy Bushwick neighborhood of Brooklyn.
1450 Greene Avenue is comprised of three floors plus basement. All three apartments are 3-bedroom 1.5-bathroom apartments. All apartments are free-market rents and not subject to rent stabilization.
The building has been gut-renovated and meticulously maintained by current ownership, and has maintained strong, market paying tenants over the years. Among the buildings attractive features include building laundry, stainless steel kitchens with dishwashers, and hardwood floors. The building also features a finished basement with access to the backyard - a duplex can be created to combine with 1st floor for additional income potential.
Building is situation in ideal location in the neighborhood, with easy access to the Myrtle/Wyckoff Ave L & M Trains
Please contact Jeff with any questions or to schedule a private tour
1450 Greene Avenue is comprised of three floors plus basement. All three apartments are 3-bedroom 1.5-bathroom apartments. All apartments are free-market rents and not subject to rent stabilization.
The building has been gut-renovated and meticulously maintained by current ownership, and has maintained strong, market paying tenants over the years. Among the buildings attractive features include building laundry, stainless steel kitchens with dishwashers, and hardwood floors. The building also features a finished basement with access to the backyard - a duplex can be created to combine with 1st floor for additional income potential.
Building is situation in ideal location in the neighborhood, with easy access to the Myrtle/Wyckoff Ave L & M Trains
Please contact Jeff with any questions or to schedule a private tour
FINANCIAL SUMMARY (ACTUAL - 2025) 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 - 2025) 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 | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $633,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.80% | Building Size | 3,060 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1899 |
| Zoning | R6 | ||
| Price | $1,900,000 |
| Price Per Unit | $633,333 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,060 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1899 |
| Zoning | R6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
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1450 Greene Ave
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