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248 Driggs Ave 6 Unit Apartment Building $5,600,000 ($933,333/Unit) 7% Cap Rate Brooklyn, NY 11222
INVESTMENT HIGHLIGHTS
- Property is located steps from McCarren Park, Manhattan Ave, retailers and the G Trains.
- Luxurious Renovations Completed in 2023.
EXECUTIVE SUMMARY
7% Cap Rate
Prime Greenpoint
Fully Free Market
Luxurious Renovations
Prime Greenpoint
Fully Free Market
Luxurious Renovations
PROPERTY FACTS
| Price | $5,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $933,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 7% | Building Size | 4,650 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Located 2 blocks from McCarren Park in the Greenpoint neighborhood of Brooklyn between Eckford St & Graham Ave near the Nassau Ave subway station. | ||
| Price | $5,600,000 |
| Price Per Unit | $933,333 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,650 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6B - Located 2 blocks from McCarren Park in the Greenpoint neighborhood of Brooklyn between Eckford St & Graham Ave near the Nassau Ave subway station. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 02682-0036 | Improvements Assessment | $701,550 |
| Land Assessment | $270,000 | Total Assessment | $971,550 |
PROPERTY TAXES
Parcel Number
02682-0036
Land Assessment
$270,000
Improvements Assessment
$701,550
Total Assessment
$971,550
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248 Driggs Ave
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