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Parkview Residences 530 N Main St 12 Unit Apartment Building $4,650,000 ($387,500/Unit) 6.07% Cap Rate Brewster Village, NY 10509
INVESTMENT HIGHLIGHTS
- Each unit is assigned it’s own separate storage unit on the ground level.
- 2022 Construction, in excellent condition. Fully occupied with rent upside.
- Full walk in laundry room. Tenants pay all utilities and water and separately metered.
- Building is fully sprinkled and alarmed. Minimal landlord management.
EXECUTIVE SUMMARY
Houlihan Lawrence exclusively presents an exceptional investment opportunity at 530 N Main St, Brewster, NY. This modern 17,280 SF building, boasting 12 units, was thoughtfully constructed in 2022. Strategically zoned PB, it offers vast potential for a multifamily/low-rise garden investor. With ample space this 3-story apartment building presents a lucrative prospect for growth and development in the thriving Brewster area.
Full Financials are available upon request
Full Financials are available upon request
PROPERTY FACTS
| Price | $4,650,000 | Building Class | B |
| Price Per Unit | $387,500 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 17,280 SF |
| Cap Rate | 6.07% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PB - Planned Business (PB) zoning | ||
| Price | $4,650,000 |
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 17,280 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | PB - Planned Business (PB) zoning |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 12 | $3,000 | 1,200 |
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PROPERTY TAXES
| Parcel Number | 373001-056-082-0001-047-001-0000 | Improvements Assessment | $2,650,000 |
| Land Assessment | $50,000 | Total Assessment | $2,700,000 |
PROPERTY TAXES
Parcel Number
373001-056-082-0001-047-001-0000
Land Assessment
$50,000
Improvements Assessment
$2,650,000
Total Assessment
$2,700,000
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Parkview Residences | 530 N Main St
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