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Dekalb Senior Residence 1251 Dekalb Ave 28 Unit Apartment Building $6,275,250 CAD ($224,116 CAD/Unit) 4.37% Cap Rate Brooklyn, NY 11221
Investment Highlights
- Property is an IRS Section 42 LIHTC and is income and rent restricted
- Elevator in Apartment
- Currently under "421A" Tax Exemption which runs through June 30th 2033.
- Laundry Room and Super On Site
Executive Summary
DeKalb Senior Apartments is a single building located in
Brooklyn, New York. The building standing at six stories high and
totaling 21,240 square feet above ground with the basement
containing 3,540 SF which is partially finished. The building has 8
parking spaces in the rear of the building. The average unit size is
759SF. The property is an IRS Section 42 LIHTC and is income and
rent restricted. The property is currently under "421A" Tax
Exemption which runs through June 30th 2033.
Brooklyn, New York. The building standing at six stories high and
totaling 21,240 square feet above ground with the basement
containing 3,540 SF which is partially finished. The building has 8
parking spaces in the rear of the building. The average unit size is
759SF. The property is an IRS Section 42 LIHTC and is income and
rent restricted. The property is currently under "421A" Tax
Exemption which runs through June 30th 2033.
Property Facts
| Price | $6,275,250 CAD | Building Class | B |
| Price Per Unit | $224,116 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 21,240 SF |
| Cap Rate | 4.37% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium to High Density Multifamily-Senior Apartments with Commercial Opportunities | ||
| Price | $6,275,250 CAD |
| Price Per Unit | $224,116 CAD |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 21,240 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2005 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium to High Density Multifamily-Senior Apartments with Commercial Opportunities |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
| 1+1 | 17 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03232-0074 | Improvements Assessment | $848,414 CAD |
| Land Assessment | $163,157 CAD | Total Assessment | $1,011,570 CAD |
Property Taxes
Parcel Number
03232-0074
Land Assessment
$163,157 CAD
Improvements Assessment
$848,414 CAD
Total Assessment
$1,011,570 CAD
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Dekalb Senior Residence | 1251 Dekalb Ave
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