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320 Tompkins Ave 3 Unit Apartment Building $3,100,000 ($1,033,333/Unit) 6.44% Cap Rate Brooklyn, NY 11216
INVESTMENT HIGHLIGHTS
- Both apartments have condo level and custom finishes with private outdoor spaces, high ceilings and spacious bedrooms.
- Vibrant retail corridor with boutique shops, cafes, and residential density.
- Surrounded by popular cafes, restaurants, and boutique retailers.
- Open Retail Plan with exposed Brick, ADA Bathroom, Large Garden, Custom Kitchenette, HVAC in place, exposed concrete floors, plug and play space.
- Close to G train (Bedford-Nostrand), A/C lines at Nostrand Ave; easy access to BQE and Williamsburg Bridge.
- Excellent transit access via G and A/C subway lines.
EXECUTIVE SUMMARY
Fully renovated Mixed Use Building for Sale. Two rental apartments with condo level custom finishes over a perfect Owner Occupier 1,500 SF Ground Floor Retail Space w/ interconnecting Stair to an additional 700 SF of dry storage basement. The ground floor unit has a fixtured ADA Bathroom, two glass doors and access points to an exterior Garden, HVAC has been installed and there is a custom wet kitchenette as well, if desired. Custom four panel wood and glass storefront on Tompkins Avenue which has emerged as the epicenter of Bed Stuy Retail. Great space for a variety of professional users specifically physical therapy, Doctor, Dentist, any office users, Fitness, Cafe, Pharmacy and or Restaurant/ Bar. The building has been completely rebuilt with steel, it has all new utilities throughout and is fully sprinklered.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,100,000 | Building Class | C |
| Price Per Unit | $1,033,333 | Lot Size | 0.04 AC |
| Sale Type | Investment or Owner User | Building Size | 4,400 SF |
| Cap Rate | 6.44% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1899/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6A/C2-4 - Located in the Bed-Stuy neighborhood of Brooklyn between Gates Ave & Monroe St near the Bedford - Nostrand Ave subway station. | ||
| Price | $3,100,000 |
| Price Per Unit | $1,033,333 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.44% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1899/2019 |
| Opportunity Zone |
Yes |
| Zoning | R6A/C2-4 - Located in the Bed-Stuy neighborhood of Brooklyn between Gates Ave & Monroe St near the Bedford - Nostrand Ave subway station. |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01814-0032 | Total Assessment | $143,820 |
| Land Assessment | $13,980 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $129,840 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01814-0032
Land Assessment
$13,980
Improvements Assessment
$129,840
Total Assessment
$143,820
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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320 Tompkins Ave
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