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180 Sumpter St 5 Unit Apartment Building $1,995,000 ($399,000/Unit) 8.54% Cap Rate Brooklyn, NY 11233
Executive Summary
8% CAP RATE !! **5 family alert** Rare opportunity to own a 5 unit building. All units are free market. Each apartment has two bedrooms, a living room, a dining area, kitchen and a bright bathroom. Gas and electric are separately metered. First floor apartment is the biggest, with 4 bedrooms and access to the backyard and garden. The Entire property has been well maintained through the years. This property has extremely low taxes of a less than $7,000 a year! Located just Two blocks from B25 and B7 buses and the A,C train at Ralph Ave station. J,Z trains available at the Chauncey Station. Two of the apartments are occupied and Three will be delivered vacant. This property has huge potential with a gross of $197,760 and an NOI of $170,354.68 Annually. It is also possible to put laundry in the building basement for extra income
Property Facts
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $399,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.54% | Building Size | 4,125 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | R6B - R6B zoning | ||
| Price | $1,995,000 |
| Price Per Unit | $399,000 |
| Sale Type | Investment |
| Cap Rate | 8.54% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,125 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | R6B - R6B zoning |
Amenities
Unit Amenities
- Heating
- Hardwood Floors
- Yard
- Basement
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 4+2 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01525-0027 | Improvements Assessment | $320,400 |
| Land Assessment | $4,500 | Total Assessment | $324,900 |
Property Taxes
Parcel Number
01525-0027
Land Assessment
$4,500
Improvements Assessment
$320,400
Total Assessment
$324,900
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180 Sumpter St