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371 Menahan St 6 Unit Apartment Building $999,000 ($166,500/Unit) Brooklyn, NY 11237
INVESTMENT HIGHLIGHTS
- Ideal Owner User opportunity
- 2 Vacant 1st Floor Units.
EXECUTIVE SUMMARY
New Exclusive: 371 Menahan Street, Brooklyn, NY 11237. $999,000.00 Six-Family building located in Prime North Bushwick Location. Both First floor units are vacant with legal Marshal evictions. Ideal opportunity for an owner/investor to combine units into a 1320 SF apartment. 4 RS units above.
Income from other 4 apartments is ~ $36,000.00 per year. Tenants pay own electric and heat. There are new split units in Apartments. Landlord pays for hot water.
Expenses:
Taxes - $13,712.00
PLP Electric - $ 900.00
Gas (Hot Water) $3,600.00
Insurance: $7,000.00
Income from other 4 apartments is ~ $36,000.00 per year. Tenants pay own electric and heat. There are new split units in Apartments. Landlord pays for hot water.
Expenses:
Taxes - $13,712.00
PLP Electric - $ 900.00
Gas (Hot Water) $3,600.00
Insurance: $7,000.00
PROPERTY FACTS
| Price | $999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $166,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | High Vacancy Property | Building Size | 4,264 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6, Brooklyn, (C2) | ||
| Price | $999,000 |
| Price Per Unit | $166,500 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,264 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6, Brooklyn, (C2) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 03311-0046 | Improvements Assessment | $414,900 |
| Land Assessment | $5,400 | Total Assessment | $420,300 |
PROPERTY TAXES
Parcel Number
03311-0046
Land Assessment
$5,400
Improvements Assessment
$414,900
Total Assessment
$420,300
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371 Menahan St
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