180 Scholes St | Brooklyn, NY 11206
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
180 Scholes St
Brooklyn, NY 11206
Multifamily Property For Sale
·
34 Units
INVESTMENT HIGHLIGHTS
- 40,000 SF above-grade, 12,500 SF of Cellar space, including apartment duplex space, parking and mechanical.
- 34 residential units (9x 1BR, 15x 2BR, 9x 3BR, 1x 4BR)
- 6.5% CAP rate year-1, 11% average cash-on-cash yield over 10 years as abatement expires (see link for Cash Flow Analysis)
- Assumable $16mm Agency loan, 15 year term at 3.02% fixed rate, amortized over 15 years, principal and interest payments of $800,000 annually
- Gross Income of $1,406,852, with year-1 of NOI of $1,181,139
- L train subway entrance just 3 blocks away at Montrose Avenue / Bushwick Avenue
PROPERTY FACTS
| No. Units | 34 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 52,500 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2009 |
| Building Class | B | ||
| Zoning | R6 - Medium density residential zoning district. | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 52,500 SF |
| No. Stories | 3 |
| Year Built | 2009 |
| Zoning | R6 - Medium density residential zoning district. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Granite Countertops
- Sunroom
- Yard
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Spa
- Grill
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 29 | - | - |
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 03044-0016 | Improvements Assessment | $3,131,550 |
| Land Assessment | $222,300 | Total Assessment | $3,353,850 |
PROPERTY TAXES
Parcel Number
03044-0016
Land Assessment
$222,300
Improvements Assessment
$3,131,550
Total Assessment
$3,353,850
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
