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97 Newell St 6 Unit Apartment Building $2,800,000 ($466,667/Unit) 6.57% Cap Rate Brooklyn, NY 11222
Investment Highlights
- Great access to public transportation
Executive Summary
DETAILS & HIGHLIGHTS
• 3-Story / 6-Unit Multifamily Building
• 3 Gut-Renovated Units with Split-System HVAC
• Protected Tax Class 2A
• 50% Tenant-Paid Utilities (3/6 Units)
• Value-add potential due to preferential rents
• Prime Greenpoint Location near dining, transportation, entertainment, and nearby parks
including McCarren Park and Transmitter Park, with convenient access to major roadways
such as the BQE
• Within walking distance to the Nassau Station ( train)
• 3-Story / 6-Unit Multifamily Building
• 3 Gut-Renovated Units with Split-System HVAC
• Protected Tax Class 2A
• 50% Tenant-Paid Utilities (3/6 Units)
• Value-add potential due to preferential rents
• Prime Greenpoint Location near dining, transportation, entertainment, and nearby parks
including McCarren Park and Transmitter Park, with convenient access to major roadways
such as the BQE
• Within walking distance to the Nassau Station ( train)
Property Facts
| Price | $2,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $466,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.57% | Building Size | 3,167 SF |
| No. Units | 6 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1932 |
| Zoning | R6B - Medium density residential district | ||
| Price | $2,800,000 |
| Price Per Unit | $466,667 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,167 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1932 |
| Zoning | R6B - Medium density residential district |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Yard
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | 02650-0017 | Improvements Assessment | $149,700 |
| Land Assessment | $22,140 | Total Assessment | $171,840 |
Property Taxes
Parcel Number
02650-0017
Land Assessment
$22,140
Improvements Assessment
$149,700
Total Assessment
$171,840
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97 Newell St
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