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311 Troutman St 8 Unit Apartment Building $3,400,000 ($425,000/Unit) 6.70% Cap Rate Brooklyn, NY 11237
Investment Highlights
- Multifamily Building Spanning 6,500 SF Above Grade | 7 High-End Free-Market Units and 1 RS Unit
- One Three-Bedroom Unit and Seven Two-Bedroom Units Spanning 600+ SF
- Asking: $3,400,000 | 6.7% In-Place Cap Rate | Tax Class 2B - $13,697 Annual Tax Bill
- Prime Bushwick Location | Jefferson Street L-Train
- Dumb-bell Layout Apartments | Separate Utilities with Split Heating and Cooling
Property Facts
| Price | $3,400,000 | Property Subtype | Apartment |
| Price Per Unit | $425,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.70% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 11.4 | Building Size | 6,500 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | R6, Brooklyn | ||
| Price | $3,400,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,500 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6, Brooklyn |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Smoke Free
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 900 |
| 3+1 | 4 | - | 1,100 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03175-0040 | Improvements Assessment | $487,350 |
| Land Assessment | $7,200 | Total Assessment | $494,550 |
Property Taxes
Parcel Number
03175-0040
Land Assessment
$7,200
Improvements Assessment
$487,350
Total Assessment
$494,550
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311 Troutman St
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