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289 Bleecker St 6 Unit Apartment Building $2,260,021 CAD ($376,670 CAD/Unit) 7.03% Cap Rate Brooklyn, NY 11237
Investment Highlights
- Turnkey-Opportunity: Well-maintained building with upgraded utilities allowing for little to no short-term capital improvement requirements.
- Zero Violations: This property currently has zero HPD, DOB, or ECB violations is proof of the condition, quality, and nonexistent issues
- Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.
- Bonus Unit: This property contains a fully finished basement with an office space offering a great owner user opportunity or an ADU
- Premier Location: Located in the heart of Bushwick, this property is half a block away from Knickerbocker Avenue
- Transit-Oriented Location: Located 2-4 blocks from Knickerbocker Avenue M-Line and Myrtle-Wyckoff Ave L-Line.
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $2,260,021 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $376,670 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.03% | Building Size | 5,168 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6 - R6 Zoning Approximately 1,200 square feet of Available Air Rights | ||
| Price | $2,260,021 CAD |
| Price Per Unit | $376,670 CAD |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,168 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6 - R6 Zoning Approximately 1,200 square feet of Available Air Rights |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 03300-0043 | Improvements Assessment | $699,354 CAD |
| Land Assessment | $7,375 CAD | Total Assessment | $706,729 CAD |
Property Taxes
Parcel Number
03300-0043
Land Assessment
$7,375 CAD
Improvements Assessment
$699,354 CAD
Total Assessment
$706,729 CAD
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289 Bleecker St
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