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197 Nassau Ave 8 Unit Apartment Building $3,950,000 ($493,750/Unit) 7.25% Cap Rate Brooklyn, NY 11222
Executive Summary
Native Real Estate is pleased to present 197 Nassau Avenue in Greenpoint.
Current 7,5% cap rate!
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
The building has been maintained and updated over the years. The property is located steps from McGolrick Park, 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.
Current 7,5% cap rate!
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
The building has been maintained and updated over the years. The property is located steps from McGolrick Park, 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.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,950,000 | Property Subtype | Apartment |
| Price Per Unit | $493,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.25% | Building Size | 4,350 SF |
| Gross Rent Multiplier | 12.39 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Zoning | R6B - R6 - Medium density residential district | ||
| Price | $3,950,000 |
| Price Per Unit | $493,750 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Gross Rent Multiplier | 12.39 |
| 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 | 2 | - | - |
| 1+1 | 2 | - | - |
| 2+2 | 2 | - | - |
| 3+2 | 2 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02654-0034 | Total Assessment | $651,150 |
| Land Assessment | $6,750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $644,400 | Tax Year | 2026 |
Property Taxes
Parcel Number
02654-0034
Land Assessment
$6,750
Improvements Assessment
$644,400
Total Assessment
$651,150
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
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Photos
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Street
Map
Contact the Sale Advisor
197 Nassau Ave