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289A Monroe Street 289A Monroe St 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 6.43% Cap Rate Brooklyn, NY 11216
INVESTMENT HIGHLIGHTS
- Bed-Stuy
- Walking distance to the A & C subway lines
- Value Add Opportunity
EXECUTIVE SUMMARY
Safdie Realty Group has been exclusively retained to sell 298a Monroe Street. The subject property is located between Marcy Avenue & Tompkins Avenue in Bedford-Stuyvesant, Brooklyn. The property offers six apartments each consisting of 2 bedroom 1 bathroom layouts. The property is built 20 ft x 65 ft, offering approximately 3,900 square feet. 298a Monroe Street sits on a 20 ft x 100 ft lot. The property is located within walking distance to the A & C subway lines.
PROPERTY FACTS
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,900 SF |
| Cap Rate | 6.43% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6B - R6B is a medium density residential zoning district. | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6B - R6B is a medium density residential zoning district. |
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Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01814-0068 | Improvements Assessment | $395,100 |
| Land Assessment | $4,500 | Total Assessment | $399,600 |
PROPERTY TAXES
Parcel Number
01814-0068
Land Assessment
$4,500
Improvements Assessment
$395,100
Total Assessment
$399,600
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289A Monroe Street | 289A Monroe St
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