316 6th St | Brooklyn, NY 11215
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- LoopNet Team
316 6th St
Brooklyn, NY 11215
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- One block from an array of retail and dining options while also being one block from Washington Park.
- Low Basis: Our asking basis of $385 per SF is 40% below the average neighborhood basis of $666.
- Current proforma is based on re-tenanting in as-is condition, though the market can sustain higher rents with capital improvements.
- Owner-User Potential: Ideal for an owner-user, this property provides the unique opportunity to build out an expansive triplex unit (1F, 2F, 3F)
- Though half the building is already either vacant or free market, the asking price is roughly 30% of the building’s value if fully vacant.
- Tax Class Protected: 2A Tax Class limits tax increase to no more than 6% a year or 30% over 5 years.
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 5,720 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1931 |
| Building Class | C | ||
| Zoning | R6B Brooklyn (C1) | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,720 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6B Brooklyn (C1) |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 00993-0028 | Improvements Assessment | $1,025,100 |
| Land Assessment | $10,350 | Total Assessment | $1,035,450 |
PROPERTY TAXES
Parcel Number
00993-0028
Land Assessment
$10,350
Improvements Assessment
$1,025,100
Total Assessment
$1,035,450
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