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339-341 86th St 21 Unit Apartment Building $5,299,999 ($252,381/Unit) 5.12% Cap Rate Brooklyn, NY 11209
INVESTMENT HIGHLIGHTS
- Public Transportation
- Nightlife and Restaurants
EXECUTIVE SUMMARY
Calling all investors looking for an amazing property in Bay Ridge. 21 units fully rented, 4 - 1 bedrooms, 13 - 2 bedrooms and 4 - 3 bedroom units. Building is 50x90 and the lot is 60x150 with R5B zoning. Amazing location with convenience to everything. Residential units are collecting $32,334.37 monthly. Most of the units have been recently renovated. Coin operated laundry in the basement generating $1,000 monthly and the best part is a private driveway leading to a parking area for 12-14 cars that can generate up to $3,500 monthly.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$388,012
|
$19.65
|
| Other Income |
$54,000
|
$2.73
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$442,012
|
$22.38
|
| Taxes |
$92,850
|
$4.70
|
| Operating Expenses |
$77,864
|
$3.94
|
| Total Expenses |
$170,714
|
$8.64
|
| Net Operating Income |
$271,298
|
$13.74
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $388,012 |
| Annual Per SF | $19.65 |
| Other Income | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $2.73 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $442,012 |
| Annual Per SF | $22.38 |
| Taxes | |
|---|---|
| Annual | $92,850 |
| Annual Per SF | $4.70 |
| Operating Expenses | |
|---|---|
| Annual | $77,864 |
| Annual Per SF | $3.94 |
| Total Expenses | |
|---|---|
| Annual | $170,714 |
| Annual Per SF | $8.64 |
| Net Operating Income | |
|---|---|
| Annual | $271,298 |
| Annual Per SF | $13.74 |
PROPERTY FACTS
| Price | $5,299,999 | Apartment Style | Mid-Rise |
| Price Per Unit | $252,381 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.12% | Building Size | 19,748 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1917 |
| Property Subtype | Apartment | Parking Ratio | 0.61/1,000 SF |
| Zoning | R5B - a low-density residential zoning district in New York City that allows for the construction of various types of residential buildings | ||
| Price | $5,299,999 |
| Price Per Unit | $252,381 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Sale Condition | 1031 Exchange |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 19,748 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1917 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | R5B - a low-density residential zoning district in New York City that allows for the construction of various types of residential buildings |
AMENITIES
UNIT AMENITIES
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | - | 800 |
| 2+1 | 13 | - | 700 |
| 1+1 | 4 | - | 600 |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (89)
PROPERTY TAXES
| Parcel Number | 06034-0067 | Total Assessment | $760,050 (2025) |
| Land Assessment | $324,000 (2025) | Annual Taxes | $92,850 ($4.70/SF) |
| Improvements Assessment | $436,050 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06034-0067
Land Assessment
$324,000 (2025)
Improvements Assessment
$436,050 (2025)
Total Assessment
$760,050 (2025)
Annual Taxes
$92,850 ($4.70/SF)
Tax Year
2023
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339-341 86th St
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