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171 Irving Ave 6 Unit Apartment Building $2,500,000 ($416,667/Unit) 3.25% Cap Rate Brooklyn, NY 11237
Investment Highlights
- Corner Mixed-Use Building on Irving Avenue with 2 Parking Spaces
- The building is built 25 ft. x 58 ft. plus the rear house which is approximately 17 ft. x 25 ft
- The property is located within walking distance to the Dekalb L train station
- The property offers 5 apartments (including detached 2-story house), 1 retail space, and 2 parking spaces
- In total, the property consists of 5,200 SF with great corner exposure on the Irving Avenue retail corridor
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 171 Irving Avenue. The subject property is on the corner of Irving Avenue & Stockholm Street in the Bushwick section of Brooklyn.
The property offers 5 apartments (including detached 2-story house), 1 retail space, and 2 parking spaces. The building is built 25 ft. x 58 ft. plus the rear house which is approximately 17 ft. x 25 ft. In total, the property consists of 5,200 SF with great corner exposure on the Irving Avenue retail corridor.
The property is located within walking distance to the Dekalb L train station.
The property offers 5 apartments (including detached 2-story house), 1 retail space, and 2 parking spaces. The building is built 25 ft. x 58 ft. plus the rear house which is approximately 17 ft. x 25 ft. In total, the property consists of 5,200 SF with great corner exposure on the Irving Avenue retail corridor.
The property is located within walking distance to the Dekalb L train station.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 700 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (99)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 03259-0008 | Improvements Assessment | $308,250 |
| Land Assessment | $104,400 | Total Assessment | $412,650 |
Property Taxes
Parcel Number
03259-0008
Land Assessment
$104,400
Improvements Assessment
$308,250
Total Assessment
$412,650
Contacts
-
Steve Reynolds -
Derek Bestreich -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
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171 Irving Ave
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