2342 Atlantic Ave | Brooklyn, NY 11233
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2342 Atlantic Ave
Brooklyn, NY 11233
Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 16,495 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built/Renovated | 1920/2003 |
| Zoning | R6 - R6 is a medium-density residential zoning district. | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 16,495 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1920/2003 |
| Zoning | R6 - R6 is a medium-density residential zoning district. |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
ABOUT 2342 ATLANTIC AVE , BROOKLYN, NY 11233
• The subject property is exempt from regulation under the Rent Stablization Code due to Substantial Rehabilitation • Elevator property with 24 Free Market Renovated Apartments and 1 Cell Site • 16,495 Square Feet • Proximity to Broadway Junction • 5.88% Cap Rate at Asking, Anticipated 6.25% Cash on Cash Return Day 1 with 75% LTV
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | 680 |
PROPERTY TAXES
| Parcel Number | 01436-0011 | Improvements Assessment | $973,800 |
| Land Assessment | $63,000 | Total Assessment | $1,036,800 |
PROPERTY TAXES
Parcel Number
01436-0011
Land Assessment
$63,000
Improvements Assessment
$973,800
Total Assessment
$1,036,800
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