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321 Milford St
Brooklyn, NY 11208
Multifamily Property For Sale · 4 Units

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INVESTMENT HIGHLIGHTS

  • SEMI ATTACHED BRICK
  • ELECTRIC, PLUMBING, BOILER ALL UPDATED
  • FREE MARKET RENT
  • PRIVATE DRIVE
  • NEAR TRAIN
  • HIGH QUALITY RENOVATION

EXECUTIVE SUMMARY

Brooklyn Milford Street Solid BRICK semi attached TOTALLY NEWLY GUT RENOVATED legal 4 family with 2 three bedroom & 2 Two-bedroom apartment with huge living room & open plan modern kitchen! All new plumbing, gas line & electric in entire building! New gas boiler with 75-gallon hot water tank & new rubberize roof, electrical, plumbing, and MORE NO VIOLATION! 3,184 sq ft living space Building size 26 wide & 72 deep! High ceiling & Full basement high ceiling with ceramic tile, lots of windows & 2 entrances! On 36 x 100 lot with secure private drive & yard space that can fit 8-10 cars!! R5 zoning. 1,332 unused FAR! Low taxes- All market value tenant with high CAP rate 8.03! Yearly income $139,800 Expenses $15,2822 Currently 2 newly renovated Vacant unit 3 bedroom & 2 Bedroom! Near A & C train & all buses, shopping plus more! Nothing to do but close & collect rent! FHA Approved!!! Buy with only 3.5% down (Qualify Buyers) Owner VERY motivated!! 1vacant apartment (2ND floor front) hurry before we rent it out! ALL FREE market rent!! No Restriction!! EAT OF THE FLOOR CONDITION! MINT!

PROPERTY FACTS

Sale Type Investment
Cap Rate 8.03%
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.08 AC
Building Size 3,184 SF
No. Stories 2
Year Built 1925
Opportunity Zone Yes
Zoning R5, Brooklyn (C3) - R5

AMENITIES

SITE AMENITIES

  • Fenced Lot

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04262-0010
Land Assessment
$18,691 CAD
Improvements Assessment
$236,126 CAD
Total Assessment
$254,817 CAD
  • Listing ID: 20506204

  • Date on Market: 2020-08-04

  • Last Updated:

  • Address: 321 Milford St, Brooklyn, NY 11208

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