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47 Franklin St 6 Unit Apartment Building $7,250,000 ($1,208,333/Unit) 6.10% Cap Rate Brooklyn, NY 11222
Executive Summary
The New York Multifamily team is pleased to offer 47 Franklin St, a 6-unit Multifamily Property at Greenpoint neighborhood for $7,250,000.
Property Facts
| Price | $7,250,000 | Property Subtype | Apartment |
| Price Per Unit | $1,208,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.10% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 14.6 | Building Size | 5,625 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | M1-2/R6B/MX-8 | ||
| Price | $7,250,000 |
| Price Per Unit | $1,208,333 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,625 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | M1-2/R6B/MX-8 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 02589-0014 | Improvements Assessment | $1,453,500 |
| Land Assessment | $6,300 | Total Assessment | $1,459,800 |
Property Taxes
Parcel Number
02589-0014
Land Assessment
$6,300
Improvements Assessment
$1,453,500
Total Assessment
$1,459,800
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47 Franklin St
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