Log In/Sign Up
Your email has been sent.
659 Miller Ave 6 Unit Apartment Building $799,000 ($133,167/Unit) 8.14% Cap Rate Brooklyn, NY 11207
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity in the heart of East New York with this all-brick 6-unit residential building. Boasting 4,920 square feet across three stories, this property features a desirable unit mix of five spacious two-bedroom apartments and one cozy one-bedroom apartment. Ideally located just a short distance from multiple train lines (2/3/4/5), residents enjoy convenient access to transportation, diverse dining options, and local shops. The building features a shared driveway, garage, and a spacious basement, further enhancing its appeal. total of two units vacant at the time of closing, this property offers immediate cash flow potential and significant upside for investors. Recent updates include a new boiler (less than 1 year old) and a recently renovated roof, ensuring peace of mind and lower maintenance costs. Don't miss this opportunity to own a prime piece of real estate in a vibrant and growing neighborhood.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $799,000 | Building Class | C |
| Price Per Unit | $133,167 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,920 SF |
| Cap Rate | 8.14% | Average Occupancy | 67% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Medium density residential district | ||
| Price | $799,000 |
| Price Per Unit | $133,167 |
| Sale Type | Investment |
| Cap Rate | 8.14% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,920 SF |
| Average Occupancy | 67% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Instant Hot Water
- Window Coverings
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 04087-0009 | Total Assessment | $284,400 (2025) |
| Land Assessment | $5,400 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $279,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
04087-0009
Land Assessment
$5,400 (2025)
Improvements Assessment
$279,000 (2025)
Total Assessment
$284,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
659 Miller Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.