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168 Bleecker St
Brooklyn, NY 11221
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 4,875 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1931 |
| Zoning | R6 - R6 is a medium-density residential zoning district. | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,875 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6 - R6 is a medium-density residential zoning district. |
ABOUT 168 BLEECKER ST , BROOKLYN, NY 11221
Asset Commercial Realty Group has been exclusively retained to market 168 Bleecker Street, a three story, six unit brick building in the Bushwick neighborhood of Brooklyn. The building spans a total of 4,875 SF with six 2 bedroom units that are railroad style. The building is 100% leased to 6 tenants and has a basement and backyard. The building is separately metered for cooking gas and electric with a new gas boiler that was installed about 2 months ago. The property also has roughly 1,200 square feet of air rights. The building is well positioned with great access to public transportation such as a two blocks from the [M] subway line, [B54, & B60] buses, and highways such as the Jackie Robinson Parkway. Collectively, the asset produces a gross income of $71,616 with a total expense of $15,798 and yields an Net Operating Income (NOI) of $55,818. Ownership has set the asking price at $1,325,000 which reflects a 4.21 % CAP rate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 03306-0025 | Improvements Assessment | $512,100 |
| Land Assessment | $5,400 | Total Assessment | $517,500 |
PROPERTY TAXES
