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247 Starr St 9 Unit Apartment Building $4,200,000 ($466,667/Unit) Brooklyn, NY 11237
Investment Highlights
- The property offers a compelling investment opportunity in one of Bushwick’s fastest-growing commercial corridors.
- Residents value the authentic Brooklyn aesthetic with hardwood floors, exposed brick walls, and tall ceilings throughout the apartments.
- The building sits in prime Bushwick directly at the Jefferson L station, providing excellent connectivity and tenant demand.
- The building features nine units anchored by a strong rent roll, including seven loft-style apartments and two well-tenanted commercial spaces.
- The ground-floor cafe and yoga studio contribute to steady income and strong neighborhood foot traffic.
- With stable cash flow and long-term appreciation potential, the asset is ideal for investors looking to expand their portfolio in a high-growth submar
Executive Summary
Description
A strong investment opportunity in burgeoning Bushwick!
247 Starr Street presents an excellent opportunity to purchase a 9-unit building on a prime commercial strip in fast-growing Bushwick.
Comprised of 7 loft-like apartments, a prime cafe and a commercial Yoga space. The building has a strong rent roll. Tenants love the hardwood floors, exposed brick walls, and tall ceilings.
The building is located in prime Bushwick right at the Jefferson L train.
If you have been looking to expand your portfolio with a building that will continue to provide cash flow and growth, then look no further than 247 Starr Street.
Reach out for more information.
NOI $300,416
A strong investment opportunity in burgeoning Bushwick!
247 Starr Street presents an excellent opportunity to purchase a 9-unit building on a prime commercial strip in fast-growing Bushwick.
Comprised of 7 loft-like apartments, a prime cafe and a commercial Yoga space. The building has a strong rent roll. Tenants love the hardwood floors, exposed brick walls, and tall ceilings.
The building is located in prime Bushwick right at the Jefferson L train.
If you have been looking to expand your portfolio with a building that will continue to provide cash flow and growth, then look no further than 247 Starr Street.
Reach out for more information.
NOI $300,416
Property Facts
| Price | $4,200,000 | Building Class | B |
| Price Per Unit | $466,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1933 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $4,200,000 |
| Price Per Unit | $466,667 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 8,000 SF |
| No. Stories | 4 |
| Year Built | 1933 |
| Opportunity Zone |
Yes |
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | 03188-0041 | Improvements Assessment | $391,500 |
| Land Assessment | $8,550 | Total Assessment | $400,050 |
Property Taxes
Parcel Number
03188-0041
Land Assessment
$8,550
Improvements Assessment
$391,500
Total Assessment
$400,050
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Presented by
Grand Town Listings
247 Starr St
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