Log In/Sign Up
Your email has been sent.
197 Nassau Ave 8 Unit Apartment Building $5,503,574 CAD ($687,947 CAD/Unit) 7.25% Cap Rate Brooklyn, NY 11222
Executive Summary
Native Real Estate is pleased to present 197 Nassau Avenue in Greenpoint.
Current 7,5% cap rate!
With 6 residential units and two store fronts, this building is the perfect opportunity for an end user, investor or exchange opportunity in its clean original condition.
Most apartments already have a dishwasher, central air, updated kitchen and bathroom and laundry in unit or in building! Amazing original details well preserved and treated such as original hardwood floors, exposed brick walls etc.
Building: 25×58
Lot: 25×100
Unused FAR: 650SF
The building has been maintained and updated over the years. The property is located steps from McGolrick Park, in between Humboldt and North Henry Street, and surrounded by a number of trendy restaurants, bars, cafes, and shops.
More info is available on request. Showings are by appointment only.
Current 7,5% cap rate!
With 6 residential units and two store fronts, this building is the perfect opportunity for an end user, investor or exchange opportunity in its clean original condition.
Most apartments already have a dishwasher, central air, updated kitchen and bathroom and laundry in unit or in building! Amazing original details well preserved and treated such as original hardwood floors, exposed brick walls etc.
Building: 25×58
Lot: 25×100
Unused FAR: 650SF
The building has been maintained and updated over the years. The property is located steps from McGolrick Park, in between Humboldt and North Henry Street, and surrounded by a number of trendy restaurants, bars, cafes, and shops.
More info is available on request. Showings are by appointment only.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,503,574 CAD | Property Subtype | Apartment |
| Price Per Unit | $687,947 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.25% | Building Size | 4,350 SF |
| Gross Rent Multiplier | 12.39 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Zoning | R6B - R6 - Medium density residential district | ||
| Price | $5,503,574 CAD |
| Price Per Unit | $687,947 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Gross Rent Multiplier | 12.39 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,350 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R6B - R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 2 | - | - |
| 2+2 | 2 | - | - |
| 3+2 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02654-0034 | Total Assessment | $908,419 CAD |
| Land Assessment | $9,417 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $899,002 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
02654-0034
Land Assessment
$9,417 CAD
Improvements Assessment
$899,002 CAD
Total Assessment
$908,419 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
197 Nassau Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.