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197 Nassau Ave 8 Unit Apartment Building $3,950,000 ($493,750/Unit) 6.97% Cap Rate Brooklyn, NY 11222
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic.
- High vehicle count.
EXECUTIVE SUMMARY
Native Real Estate is pleased to present 197 Nassau Avenue in Greenpoint.
With 6 residential units and two store fronts, this building is the perfect opportunity for an end user, investor or exchange opportunity in its clean original condition.
Most apartments already have a dishwasher, central air, updated kitchen and bathroom and laundry in unit or in building! Amazing original details well preserved and treated such as original hardwood floors, exposed brick walls etc.
Building: 25×58
Lot: 25×100
Unused FAR: 650SF
Current cap rate of 6,03%!
The building has been maintained and updated over the years. The property is located steps from McGolrick, in between Humboldt and North Henry Street, and surrounded by a number of trendy restaurants, bars, cafes, and shops.
More info is available on request. Showings are by appointment only.
With 6 residential units and two store fronts, this building is the perfect opportunity for an end user, investor or exchange opportunity in its clean original condition.
Most apartments already have a dishwasher, central air, updated kitchen and bathroom and laundry in unit or in building! Amazing original details well preserved and treated such as original hardwood floors, exposed brick walls etc.
Building: 25×58
Lot: 25×100
Unused FAR: 650SF
Current cap rate of 6,03%!
The building has been maintained and updated over the years. The property is located steps from McGolrick, in between Humboldt and North Henry Street, and surrounded by a number of trendy restaurants, bars, cafes, and shops.
More info is available on request. Showings are by appointment only.
PROPERTY FACTS
| Price | $3,950,000 | Building Class | C |
| Price Per Unit | $493,750 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,350 SF |
| Cap Rate | 6.97% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | R6B - R6 - Medium density residential district | ||
| Price | $3,950,000 |
| Price Per Unit | $493,750 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,350 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R6B - R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 02654-0034 | Improvements Assessment | $535,950 |
| Land Assessment | $6,750 | Total Assessment | $542,700 |
PROPERTY TAXES
Parcel Number
02654-0034
Land Assessment
$6,750
Improvements Assessment
$535,950
Total Assessment
$542,700
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197 Nassau Ave
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