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34 Rockaway Ave 3 Unit Apartment Building $2,206,507 CAD ($735,502 CAD/Unit) 7.03% Cap Rate Brooklyn, NY 11233

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INVESTMENT HIGHLIGHTS

The building was fully gut renovated in 2018; No capex needed.
The property is located near a busy retail corridor in Ocean Hill with shopping, dining and entertainment options.
Protected tax class 1.

Tenants are on split systems and pay for their own utilities.
Within walking distance to the Chauncey Street Station (trains).

EXECUTIVE SUMMARY

Mixed Use Investor’s Special!
Welcome to your new turn key mixed use investment property stacked with stable, well paying tenants and recently renovated apartments!
This building features one commercial space with a basement, currently occupied by a church, and two three-bed/one bathroom apartments each beautifully renovated featuring all stainless steel appliances, in unit washer and dryer, Mitsubishi split heat/ac and their own hot water heaters.
Conveniently located just one block from Broadway and the J/Z Chauncey Street subway stop, the location of this property is attractive for commuters and those that want to be near a busy, prominent area.
This property is being sold fully occupied. All tenants are on leases with a healthy rent roll. Inquire today for the full set up!
Building: 20 x 45 ft
Lot: 20 x 67.33 ft
Zoning: R6
FAR: 2.00; Max FAR: 2.43
Taxes: $5,738/Yr
Reach out TODAY to Schedule a Showing!
Stellina Napolitano 646-372-7145
Capri Jet Realty 718-388-2188
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

34 Rockaway Ave

PROPERTY FACTS

Price	$2,206,507 CAD	Apartment Style	Mid-Rise
Price Per Unit	$735,502 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.03 AC
Cap Rate	7.03%	Building Size	2,700 SF
Sale Conditions	1031 Exchange Redevelopment Project	No. Stories	3
No. Units	3	Year Built	1899
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Dormitory
Zoning	R6 - R6- Medium density residential district

Price	$2,206,507 CAD
Price Per Unit	$735,502 CAD
Sale Type	Investment
Cap Rate	7.03%
Sale Conditions	1031 Exchange Redevelopment Project
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Dormitory
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.03 AC
Building Size	2,700 SF
No. Stories	3
Year Built	1899
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R6 - R6- Medium density residential district