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1518 Bedford Avenue 1518 Bedford Ave 8 Unit Apartment Building $3,500,000 ($437,500/Unit) 6.06% Cap Rate Brooklyn, NY 11216
EXECUTIVE SUMMARY
6 fully renovated apartments and free market. 2 rent stabilized units gross monthly rent $19,500. The entire building has been fully renovated with the following. Roof, windows, doors, all hardwood floors, high hats, stainless steel appliances, kitchens, bathrooms and all new electrical and plumbing. Each unit has separate boiler . Walk up building with 2 apartments per floor, 4 story building in Crown heights.. Tenant pays separate utilities and have window unit for air conditioning. First floor has 1 stabilized unit paying $900 and Second floor stabilized is paying $1450 Zero Lead Paint in the building. property taxes $16,742
PROPERTY FACTS
| Price | $3,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $437,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.06% | Building Size | 8,931 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/2010 |
| Zoning | R6A - R6A Zoning is a medium-density residential zoning district. It is a contextual zone that follows the regulations of the Quality Housing Program. | ||
| Price | $3,500,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 8,931 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1931/2010 |
| Zoning | R6A - R6A Zoning is a medium-density residential zoning district. It is a contextual zone that follows the regulations of the Quality Housing Program. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 01252-0082 | Improvements Assessment | $1,007,100 |
| Land Assessment | $12,600 | Total Assessment | $1,019,700 |
PROPERTY TAXES
Parcel Number
01252-0082
Land Assessment
$12,600
Improvements Assessment
$1,007,100
Total Assessment
$1,019,700
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1518 Bedford Avenue | 1518 Bedford Ave
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