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614 Marlborough Rd
Brooklyn, NY 11226
Renovated 8 unit building tax class 2B · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Renovated in 2015.
- Split unit air conditioning and heating.
Executive Summary
Goldcap Real Estate Advisors is pleased to announce we have been retained to exclusively represent the sale of 614 Marlborough RD in the Ditmas Park section of Flatbush in Brooklyn, NY. Currently, it is a 5,750 SF 4-story walk-up building consisting of 8 apartments. The building was renovated in 2015 with luxury finishes and now has a gross income of $180,000. The property is being offered at close to a 6% cap rate, with an asking price of $2,250,000. Heshie Goldfein, president of Goldcap will be handling the assignment.
Property Facts
| Price Per Unit | $281,250 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.89% | Lot Size | 0.05 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,750 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/2015 |
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,750 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1931/2015 |
| Zoning | R6 - Medium density residential district |
Amenities
Unit Amenities
- Dishwasher
- Tile Floors
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
Property Taxes
| Parcel Number | 05235-0019 | Improvements Assessment | $603,900 |
| Land Assessment | $6,750 | Total Assessment | $610,650 |
Property Taxes
Parcel Number
05235-0019
Land Assessment
$6,750
Improvements Assessment
$603,900
Total Assessment
$610,650
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