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279 Tompkins Ave - 279 Tompkins Avenue 7 Unit Apartment Building Offered at $1,100,000 Brooklyn, NY 11216
Investment Highlights
- Historically Low Basis: Asking price equates to just $157K / Unit and $169/SF.
- Six Residential Units: Apartments are fully occupied with rent stabilized tenants.
- Transportation Accessibility: Myrtle-Willoughby G train and Myrtle Avenue J, M, Z trains are nearby, as are multiple bus lines.
- Excellent Light and Air: Corner exposure allows for 40+ windows, providing light and air for efficient apartment layouts.
- One Retail Unit: The corner retail space is occupied by a successful deli/bodega with 7 years remaining on their lease.
Executive Summary
Cory Rosenthal
License # 10991237833, 10311210106
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
License # 10991237833, 10311210106
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $1,100,000 | Lot Size | 0.04 AC |
| Price Per Unit | $157,143 | Building Size | 6,500 SF |
| Sale Type | Investment | No. Stories | 4 |
| No. Units | 7 | Year Built | 1931 |
| Property Type | Multifamily | ||
| Zoning | R6 | ||
| Price | $1,100,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Lot Size | 0.04 AC |
| Building Size | 6,500 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
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279 Tompkins Ave - 279 Tompkins Avenue
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