272 Smith St | Brooklyn, NY 11231
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- LoopNet Team
272 Smith St
Brooklyn, NY 11231
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- This 100% free-market mixed use asset is positioned on one of the most desirable retail strips in all of Brooklyn.
- The property, spanning 5,360 square feet, offers 7 recently renovated free-market apartments all achieving top of market rents for the area.
- Offering stable in-place income and an attractive 6.7% cap rate in place, 272 Smith Street is positioned to deliver for any investor from day one.
- Only two blocks from Carroll Park and in close proximity to multiple subway stops, 272 Smith Street is the definition of a prime location.
- The Cubana Cafe, a long-standing local favorite, provides income stability through a strong rent of $8,760 per month ($133 PSF).
PROPERTY FACTS
| No. Units | 7 | Lot Size | 0.03 AC |
| Property Type | Multifamily | Building Size | 5,360 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1931 |
| Building Class | C | ||
| Zoning | R6B - R6B As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations. | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 5,360 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6B - R6B As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 00421-0039 | Improvements Assessment | $1,407,600 |
| Land Assessment | $9,450 | Total Assessment | $1,417,050 |
PROPERTY TAXES
Parcel Number
00421-0039
Land Assessment
$9,450
Improvements Assessment
$1,407,600
Total Assessment
$1,417,050
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