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197 Humboldt St 4 Unit Apartment Building $4,400,000 ($1,100,000/Unit) 6.10% Cap Rate Brooklyn, NY 11206
INVESTMENT HIGHLIGHTS
- Free Market 4 Family Turnkey
EXECUTIVE SUMMARY
Investment Property Realty Group (IPRG) has been exclusively retained to sell 197 Humboldt Street. The subject property is situated in a prime location, just steps from the Montrose Avenue L subway station. Public transportation is easily accessible, including nearby Citibike stations and multiple bus routes. The neighborhood is vibrant, offering a variety of dining, shopping, and entertainment options.
The property currently features a brick, four story building offering 4 apartments all of which are newly renovated. The building is built 25 ft x 45 ft, offering approximately 4,942 square feet. 197 Humboldt Street sits on a 25 ft x 83.33 ft lot.
197 Humboldt Street offers prospective investors the opportunity to purchase a building in the rapidly growing East Williamsburg neighborhood with significant upside in rents and future increases in property market values.
The property currently features a brick, four story building offering 4 apartments all of which are newly renovated. The building is built 25 ft x 45 ft, offering approximately 4,942 square feet. 197 Humboldt Street sits on a 25 ft x 83.33 ft lot.
197 Humboldt Street offers prospective investors the opportunity to purchase a building in the rapidly growing East Williamsburg neighborhood with significant upside in rents and future increases in property market values.
PROPERTY FACTS
| Price | $4,400,000 | Property Subtype | Apartment |
| Price Per Unit | $1,100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.10% | Building Size | 4,942 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Zoning | R6 | ||
| Price | $4,400,000 |
| Price Per Unit | $1,100,000 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,942 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Zoning | R6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 1 | - | - |
| 3+2 | 2 | - | 1,250 |
| 3+3 | 1 | - | 2,000 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 03044-0024 | Improvements Assessment | $337,050 |
| Land Assessment | $229,500 | Total Assessment | $566,550 |
PROPERTY TAXES
Parcel Number
03044-0024
Land Assessment
$229,500
Improvements Assessment
$337,050
Total Assessment
$566,550
CONTACTS
-
Corey Haynes -
Luke Sproviero -
Donal Flaherty -
Thomas Ventura -
Sal Monteverde -
Investment Property Realty Group
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197 Humboldt St
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