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Khidmah Arms 1515 St Johns Pl 24 Unit Apartment Building $2,217,280 CAD ($92,387 CAD/Unit) 12.33% Cap Rate Brooklyn, NY 11213
INVESTMENT HIGHLIGHTS
- Ample visibility
EXECUTIVE SUMMARY
• 2 contiguous walk-up buildings consisting of 24 apartments
• Reg Agreement in place through 2031
• 420-C Tax Abatement
• Seller Financing available for qualified buyers
• In HPD AEP program
• The building is located in Crown Heights, close to shopping, dining, entertainment,
and transportation options
• Within walking distance to the Utica Avenue Station ( trains)
• Reg Agreement in place through 2031
• 420-C Tax Abatement
• Seller Financing available for qualified buyers
• In HPD AEP program
• The building is located in Crown Heights, close to shopping, dining, entertainment,
and transportation options
• Within walking distance to the Utica Avenue Station ( trains)
PROPERTY FACTS
| Price | $2,217,280 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $92,387 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 12.33% | Building Size | 21,956 SF |
| No. Units | 24 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6 - Predominantly residential district | ||
| Price | $2,217,280 CAD |
| Price Per Unit | $92,387 CAD |
| Sale Type | Investment |
| Cap Rate | 12.33% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 21,956 SF |
| No. Stories | 4 |
| Year Built | 1914 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Predominantly residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
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Khidmah Arms | 1515 St Johns Pl
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