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1260 Myrtle Ave 5 Unit Apartment Building $3,139,425 CAD ($627,885 CAD/Unit) 7.55% Cap Rate Brooklyn, NY 11221
Investment Highlights
- 100% Occupied & Cash Flowing
- Block-through property with separate rear street access to upper floors
- Steps to Central Ave [M] train and short walk to Myrtle Avenue [J,M,Z]
- 4 Renovated Free Market Apartments Over Bar / Lounge
- Low taxes within protected Tax Class 2A
Property Facts
| Price | $3,139,425 CAD | Building Class | C |
| Price Per Unit | $627,885 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Cap Rate | 7.55% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2014 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6, C2-3 - Medium density residential district Commercial district predominantly residential in character | ||
| Price | $3,139,425 CAD |
| Price Per Unit | $627,885 CAD |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2014 |
| Opportunity Zone |
Yes |
| Zoning | R6, C2-3 - Medium density residential district Commercial district predominantly residential in character |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03227-0031 | Improvements Assessment | $487,965 CAD |
| Land Assessment | $105,334 CAD | Total Assessment | $593,300 CAD |
Property Taxes
Parcel Number
03227-0031
Land Assessment
$105,334 CAD
Improvements Assessment
$487,965 CAD
Total Assessment
$593,300 CAD
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1260 Myrtle Ave
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