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290-294 Harman St
Brooklyn, NY 11237
Multifamily Property For Sale
·
24 Units
EXECUTIVE SUMMARY
Invictus Property Advisors has been retained on an exclusive basis for the sale of 290-294 Harman Street, two adjacent lots containing four-buildings located in Bushwick, Brooklyn.
290 & 294 Harman Street contain four, 3-story, 6-unit multifamily buildings (two in the front and two in the rear). 290 Harman Street has 8 free market units and 4 rent stabilized units and 294 Harman Street has 9 free market units and 3 rent stabilized units. Both lots have a grand total of 24 units of which 17 are free market and 7 are rent stabilized.
290 & 294 Harman Street are located 1 block away from the Knickerbocker Avenue Subway Station servicing the M line.
290 & 294 Harman Street contain four, 3-story, 6-unit multifamily buildings (two in the front and two in the rear). 290 Harman Street has 8 free market units and 4 rent stabilized units and 294 Harman Street has 9 free market units and 3 rent stabilized units. Both lots have a grand total of 24 units of which 17 are free market and 7 are rent stabilized.
290 & 294 Harman Street are located 1 block away from the Knickerbocker Avenue Subway Station servicing the M line.
PROPERTY FACTS
| Price Per Unit | $387,316 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.24% | Lot Size | 0.16 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 15,150 SF |
| Gross Rent Multiplier | 10.3 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6 - R6 districts are appropriate for medium density housing. | ||
| Price Per Unit | $387,316 CAD |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 10.3 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 15,150 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6 - R6 districts are appropriate for medium density housing. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | - | 420 - 620 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,286,744 CAD | |
| Land Assessment | $127,988 CAD | Total Assessment | $1,414,732 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$127,988 CAD
Improvements Assessment
$1,286,744 CAD
Total Assessment
$1,414,732 CAD
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