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4415 Atlantic Ave 5 Unit Apartment Building $2,295,000 ($459,000/Unit) 5.52% Cap Rate Brooklyn, NY 11224
Executive Summary
2014 Construction. Legal 5 family 3 stories house located in prime gated community ( Seagate ). 1 block from the ocean, 5 min walk to the beach club. Great opportunity for for owner occupy and rental income ( $167,400 yearly gross income) All tenants on month-to-month lease with on time payments. All apartments have split system units and outdoor space ( 3 balconies with ocean views and backyard), private driveway, laundry room, storage, bike room etc. Do not disturb tenants, showing by appointments only. Please submit your offer with proof of funds
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$167,400
|
$48.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,400
|
$48.52
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$40,746
|
$11.81
|
| Net Operating Income |
$126,654
|
$36.71
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $167,400 |
| Annual Per SF | $48.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $167,400 |
| Annual Per SF | $48.52 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $40,746 |
| Annual Per SF | $11.81 |
| Net Operating Income | |
|---|---|
| Annual | $126,654 |
| Annual Per SF | $36.71 |
Property Facts
| Price | $2,295,000 | Building Class | B |
| Price Per Unit | $459,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,450 SF |
| Cap Rate | 5.52% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1935/2014 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3-1 - R3-1 | ||
| Price | $2,295,000 |
| Price Per Unit | $459,000 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 3,450 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1935/2014 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R3-1 - R3-1 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Wi-Fi
- Attic
- Basement
- Deck
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | - | - |
| 1+1 | 4 | - | - |
| 4+2 | 2 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07026-0003 | Improvements Assessment | $118,350 (2025) |
| Land Assessment | $54,000 (2025) | Total Assessment | $172,350 (2025) |
Property Taxes
Parcel Number
07026-0003
Land Assessment
$54,000 (2025)
Improvements Assessment
$118,350 (2025)
Total Assessment
$172,350 (2025)
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4415 Atlantic Ave
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