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1371 Greene Ave
Brooklyn, NY 11237
1371 Greene Avenue · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- 2 deregulated units - no leases big upside
EXECUTIVE SUMMARY
Brick & Mortar is pleased to exclusive represent 1371 Greene Avenue. A turn of the century frame 6 unit building in the heart of Bushwick, steps to the L & M trains, and close to Maria Hernandez Park. At 25' wide by 82.23' deep, this property is on a prime lot in the heart of Bushwick. The building is built to 4,275 sf., and has a full basement. This 6 unit property is an income producer, and is good repair. The rear garden is sizable at 630 sf.. Low taxes , buildable FAR, and a steady rent roll, make this a solid investment. Setup upon request.
2 renovated/ destabilized units, fully renovated and paying below market rent.
2 renovated/ destabilized units, fully renovated and paying below market rent.
PROPERTY FACTS
| Price Per Unit | $350,740 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.30% | Building Size | 4,275 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2018 |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - R6 - Medium density residential district | ||
| Price Per Unit | $350,740 CAD |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,275 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2018 |
| Zoning | R6 - R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 03289-0034 | Improvements Assessment | $621,779 CAD |
| Land Assessment | $6,853 CAD | Total Assessment | $628,632 CAD |
PROPERTY TAXES
Parcel Number
03289-0034
Land Assessment
$6,853 CAD
Improvements Assessment
$621,779 CAD
Total Assessment
$628,632 CAD
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