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- LoopNet Team
1740 E 4th St
Brooklyn, NY 11223
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- VACANT
- Competitive Legal Rents
- Updated amenities
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 6,450 SF |
| Property Subtype | Apartment | Average Occupancy | 99% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1927 |
| Zoning | R5 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,450 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1927 |
| Zoning | R5 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
ABOUT 1740 E 4TH ST , BROOKLYN, NY 11223
This semi-attached six family three-story building is all brick with a full basement, built in the early 1900. The building is 25 by 86 on a 25 x 100 lot, it offers two units on each floor, two 820 sq. ft. two bedroom apartments on the second and third floors, one 640 sq. ft. 1-bedroom apartment and one 820 sq. ft. two bedroom apartment on the ground floor. This building has a full basement with a separate, locked, storage-area and plenty of space to create a coin-operated laundry room. Upgraded amenities within the last 10 to 15 years include, new roof, new windows, new electrical wiring and new gas boiler. In addition, three apartments were renovated, creating market value rent, plus current DHCRs show the legal projected rents competitive with today’s rental market and offer a projected cap rate of 6.03%
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 820 |
| 1+1 | 1 | - | 640 |
PROPERTY TAXES
| Parcel Number | 06635-0025 | Improvements Assessment | $584,100 |
| Land Assessment | $8,100 | Total Assessment | $592,200 |
PROPERTY TAXES
