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57 Troutman St 6 Unit Apartment Building $1,395,000 ($232,500/Unit) 7.97% Cap Rate Brooklyn, NY 11206
Investment Highlights
- 25’ x 85' brick 6-family, extremely well located in North Bushwick.
- This will trade for only $215 per SF and a 7% Cap in place.
- Download linked OM which contains current and projected rent rolls.
- Three of the six units are renovated, free market (50%), and under-leased, currently averaging $37/SF vs what should be $45-50+/SF.
- Protected tax class 2A
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $1,395,000 | Apartment Style | Low-Rise |
| Price Per Unit | $232,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.97% | Building Size | 6,375 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6 | ||
| Price | $1,395,000 |
| Price Per Unit | $232,500 |
| Sale Type | Investment |
| Cap Rate | 7.97% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,375 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
Site Amenities
- 24 Hour Access
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | 03171-0055 | Improvements Assessment | $661,950 |
| Land Assessment | $7,200 | Total Assessment | $669,150 |
Property Taxes
Parcel Number
03171-0055
Land Assessment
$7,200
Improvements Assessment
$661,950
Total Assessment
$669,150
Contacts
-
DJ Johnston -
Bryan Kirk -
Evan Kashanian -
Matthews Real Estate Investment Services
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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57 Troutman St
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