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342 89th St 6 Unit Apartment Building $1,290,000 ($215,000/Unit) 6.13% Cap Rate Brooklyn, NY 11209
Investment Highlights
- Beautiful brick building.
- Incredibly well maintained and clean.
- Quiet street one block from restaurants, cafes and supermarkets.
Executive Summary
Turn key multifamily brick building. Very well maintained. Fully occupied. All tenants pay the rent onetime EVERY month. Every apartment is in great condition. Fantastic building to own. 6.13% cap.Right on the borders of Bayridge and Fort Hamilton Brooklyn, NY
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,916
|
$24.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,916
|
$24.69
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$46,262
|
$9.07
|
| Net Operating Income |
$79,654
|
$15.62
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $125,916 |
| Annual Per SF | $24.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,916 |
| Annual Per SF | $24.69 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $46,262 |
| Annual Per SF | $9.07 |
| Net Operating Income | |
|---|---|
| Annual | $79,654 |
| Annual Per SF | $15.62 |
Property Facts
| Price | $1,290,000 | Apartment Style | Low-Rise |
| Price Per Unit | $215,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.13% | Building Size | 5,100 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1927/2020 |
| Zoning | R4-1 | ||
| Price | $1,290,000 |
| Price Per Unit | $215,000 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,100 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1927/2020 |
| Zoning | R4-1 |
Amenities
Unit Amenities
- Cable Ready
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 06064-0016 | Improvements Assessment | $327,150 |
| Land Assessment | $8,100 | Total Assessment | $335,250 |
Property Taxes
Parcel Number
06064-0016
Land Assessment
$8,100
Improvements Assessment
$327,150
Total Assessment
$335,250
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342 89th St
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