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264 Linden St
Brooklyn, NY 11237
Multifamily Property For Sale
·
3 Units
PROPERTY FACTS
| No. Units | 3 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 4,125 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1931 |
| Building Class | C | ||
| Zoning | R6,Brooklyn,(C2) | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,125 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6,Brooklyn,(C2) |
ABOUT 264 LINDEN ST , BROOKLYN, NY 11237
TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building located at 264 Linden Street in the Bushwick neighborhood of Brooklyn. The property is located between Knickerbocker and Irving Avenue. The three-family, brick building consists of floor-through 3-bedroom, 2 bath apartments that have undergone a full gut renovation with high-end, condo-quality finishes. The units each include washer/dryer, granite countertops, separate heating, and basement storage. The building has a total SF of 4,125 SF. The property is fully occupied with a gross rent roll of $118,000 and a NOI of $102,481. At the asking price the building represents a 5% cap rate and a PPSF of $510. Located just off Knickerbocker Avenue, 264 Linden Street provides great access to a plethora of retail including national and local retail stores such as Popeyes, Subway, Burger King, Bootleg Bar, Father Knows Best, Dromedary Urban Tiki Bar, Pizza Party and Boobie Trap. The building is located a few blocks away from the Knickerbocker Avenue M station and the Myrtle Wyckoff M and L station.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 03335-0010 | Improvements Assessment | $301,050 |
| Land Assessment | $49,500 | Total Assessment | $350,550 |
PROPERTY TAXES
