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187 Bond St 7 Unit Apartment Building $2,500,000 ($357,143/Unit) 7.19% Cap Rate Brooklyn, NY 11217
Investment Highlights
- Seven unit apartment building located in the Gowanus section of Brooklyn
- The building includes five rent-stabilized apartments and two free-market apartments, providing a mix of regulated and market-rate income.
- Gowanus is a neighborhood that has experienced significant redevelopment and investment in recent years
- The property contains a total of approximately 5,200 square feet and is built 21 feet by 63 feet
- The property offers stable in-place cash flow with potential for long-term income growth
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 187 Bond Street. The subject property is a seven-unit apartment building located in the Gowanus section of Brooklyn. The property contains a total of approximately 5,200 square feet and is built 21 feet by 63 feet.
The building includes five rent-stabilized apartments and two free-market apartments, providing a mix of regulated and market-rate income. The property offers stable in-place cash flow with potential for long-term income growth.
187 Bond Street is located in Gowanus, a neighborhood that has experienced significant redevelopment and investment in recent years, with ongoing residential, commercial, and infrastructure improvements contributing to continued neighborhood change.
The building includes five rent-stabilized apartments and two free-market apartments, providing a mix of regulated and market-rate income. The property offers stable in-place cash flow with potential for long-term income growth.
187 Bond Street is located in Gowanus, a neighborhood that has experienced significant redevelopment and investment in recent years, with ongoing residential, commercial, and infrastructure improvements contributing to continued neighborhood change.
Property Facts
| Price | $2,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $357,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.19% | Building Size | 5,292 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6B | ||
| Price | $2,500,000 |
| Price Per Unit | $357,143 |
| Sale Type | Investment |
| Cap Rate | 7.19% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,292 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | R6B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 00393-0001 | Improvements Assessment | $1,420,650 |
| Land Assessment | $5,850 | Total Assessment | $1,426,500 |
Property Taxes
Parcel Number
00393-0001
Land Assessment
$5,850
Improvements Assessment
$1,420,650
Total Assessment
$1,426,500
Contacts
-
Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Samantha Katz -
Investment Property Realty Group
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187 Bond St
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