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260 Cornelia St
Brooklyn, NY 11221
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Located in a Vibrant and Growing Pocket of South Bushwick
- Nearby Attractions Include Irving Square Park, Local Restaurants and Several Well-Known Bars
EXECUTIVE SUMMARY
260 Cornelia Street - Description
• 6-Family | High-End Apartment Finishes | 100% Free Market
• Converted from 4-Family | New CO Issued in 2024 | Exempt from Good Cause Eviction
• Nearby Attractions Include Irving Square Park, Local Restaurants and Several Well-Known Bars
• Located in a Vibrant and Growing Pocket of South Bushwick | Area Has Seen Explosive Rent Growth and Development
• Proximity to L-Train at Wilson Avenue and Halsey Street Station
• Asking: $2,695,000 | $536/SF
• 6-Family | High-End Apartment Finishes | 100% Free Market
• Converted from 4-Family | New CO Issued in 2024 | Exempt from Good Cause Eviction
• Nearby Attractions Include Irving Square Park, Local Restaurants and Several Well-Known Bars
• Located in a Vibrant and Growing Pocket of South Bushwick | Area Has Seen Explosive Rent Growth and Development
• Proximity to L-Train at Wilson Avenue and Halsey Street Station
• Asking: $2,695,000 | $536/SF
PROPERTY FACTS
| Price Per Unit | $623,174 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.80% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 13 | Building Size | 5,025 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1907 |
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $623,174 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 13 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,025 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1907 |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Kitchen
- Tub/Shower
- Garden
- Skylights
SITE AMENITIES
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 741 |
PROPERTY TAXES
| Parcel Number | 03384-0017 | Improvements Assessment | $706,742 CAD |
| Land Assessment | $94,274 CAD | Total Assessment | $801,015 CAD |
PROPERTY TAXES
Parcel Number
03384-0017
Land Assessment
$94,274 CAD
Improvements Assessment
$706,742 CAD
Total Assessment
$801,015 CAD
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