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279 Tompkins Avenue 279 Tompkins Ave 7 Unit Apartment Building $1,100,000 ($157,143/Unit) 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 | Building Class | B |
| Price Per Unit | $157,143 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 6,500 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium Density Residential District | ||
| Price | $1,100,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 6,500 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium Density Residential District |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01800-0001 | Improvements Assessment | $696,150 |
| Land Assessment | $6,750 | Total Assessment | $702,900 |
Property Taxes
Parcel Number
01800-0001
Land Assessment
$6,750
Improvements Assessment
$696,150
Total Assessment
$702,900
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