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532 39th St 6 Unit Apartment Building $833,758 ($138,960/Unit) 7.50% Cap Rate Brooklyn, NY 11232
INVESTMENT HIGHLIGHTS
- Heavy Vehicle & Foot Traffic
- Recently renovated lobby & staircase
- A couple blocks away from Costco & Industry City
EXECUTIVE SUMMARY
Asset CRG Advisors, LLC has been exclusively retained to market 532 39th Street, a fully occupied and cash-flowing three-story building multi-family for sale in the Sunset Park neighborhood of Brooklyn.
The property is situated on a 2,504 SF lot and is comprised of 4,857 SF consisting of 6 railroad residential apartments. The property is located between 5th & 6th Avenue.
The property is well positioned with great access to public transportation and is a couple blocks away from Industry City.
The property is situated on a 2,504 SF lot and is comprised of 4,857 SF consisting of 6 railroad residential apartments. The property is located between 5th & 6th Avenue.
The property is well positioned with great access to public transportation and is a couple blocks away from Industry City.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $833,758 | Apartment Style | Low-Rise |
| Price Per Unit | $138,960 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.50% | Building Size | 4,857 SF |
| Gross Rent Multiplier | 8.62 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2019 |
| Property Subtype | Apartment | ||
| Zoning | M1-2, Brooklyn, (C2) - a light manufacturing district that allows for manufacturing, commercial, and community facility uses | ||
| Price | $833,758 |
| Price Per Unit | $138,960 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 8.62 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,857 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2019 |
| Zoning | M1-2, Brooklyn, (C2) - a light manufacturing district that allows for manufacturing, commercial, and community facility uses |
AMENITIES
UNIT AMENITIES
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (94)
PROPERTY TAXES
| Parcel Number | 00913-0018 | Improvements Assessment | $374,850 |
| Land Assessment | $140,850 | Total Assessment | $515,700 |
PROPERTY TAXES
Parcel Number
00913-0018
Land Assessment
$140,850
Improvements Assessment
$374,850
Total Assessment
$515,700
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532 39th St
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