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339-341 86th St 21 Unit Apartment Building $7,374,949 CAD ($351,188 CAD/Unit) 5.12% Cap Rate Brooklyn, NY 11209
INVESTMENT HIGHLIGHTS
- Public Transportation
- Nightlife and Restaurants
EXECUTIVE SUMMARY
Calling all investors looking for an amazing property in Bay Ridge. 21 units fully rented, 4 - 1 bedrooms, 13 - 2 bedrooms and 4 - 3 bedroom units. Building is 50x90 and the lot is 60x150 with R5B zoning. Amazing location with convenience to everything. Residential units are collecting $32,334.37 monthly. Most of the units have been recently renovated. Coin operated laundry in the basement generating $1,000 monthly and the best part is a private driveway leading to a parking area for 12-14 cars that can generate up to $3,500 monthly.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$539,919
|
$27.34
|
| Other Income |
$75,141
|
$3.80
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$615,060
|
$31.15
|
| Taxes |
$129,201
|
$6.54
|
| Operating Expenses |
$108,348
|
$5.49
|
| Total Expenses |
$237,549
|
$12.03
|
| Net Operating Income |
$377,511
|
$19.12
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $539,919 |
| Annual Per SF | $27.34 |
| Other Income (CAD) | |
|---|---|
| Annual | $75,141 |
| Annual Per SF | $3.80 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $615,060 |
| Annual Per SF | $31.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $129,201 |
| Annual Per SF | $6.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $108,348 |
| Annual Per SF | $5.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $237,549 |
| Annual Per SF | $12.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $377,511 |
| Annual Per SF | $19.12 |
PROPERTY FACTS
| Price | $7,374,949 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $351,188 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.12% | Building Size | 19,748 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1917 |
| Property Subtype | Apartment | Parking Ratio | 0.61/1,000 SF |
| Zoning | R5B - a low-density residential zoning district in New York City that allows for the construction of various types of residential buildings | ||
| Price | $7,374,949 CAD |
| Price Per Unit | $351,188 CAD |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Sale Condition | 1031 Exchange |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 19,748 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1917 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | R5B - a low-density residential zoning district in New York City that allows for the construction of various types of residential buildings |
AMENITIES
UNIT AMENITIES
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | - | 800 |
| 2+1 | 13 | - | 700 |
| 1+1 | 4 | - | 600 |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (89)
PROPERTY TAXES
| Parcel Number | 06034-0067 | Total Assessment | $1,057,610 CAD (2025) |
| Land Assessment | $450,846 CAD (2025) | Annual Taxes | $129,201 CAD ($6.54 CAD/SF) |
| Improvements Assessment | $606,764 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06034-0067
Land Assessment
$450,846 CAD (2025)
Improvements Assessment
$606,764 CAD (2025)
Total Assessment
$1,057,610 CAD (2025)
Annual Taxes
$129,201 CAD ($6.54 CAD/SF)
Tax Year
2023
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339-341 86th St
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