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351 Legion Street 351 Legion St 14,172 SF 100% Leased Flex Building Brooklyn, NY 11212 $2,666,683 CAD ($188.17 CAD/SF) 8.20% Cap Rate
Investment Highlights
- Cash-flowing mixed-use building with 18 apartments and 2 retail spaces in Brooklyn.
- 8.20% cap rate and $159,871 NOI with 14,172 SF of gross building area.
- One block from the Saratoga Avenue 3-train, offering 30-40 minute access to Manhattan.
- Priced at $1,950,000, just $97K per unit and a 5.21X GRM based on current rent roll.
- Corner exposure provides 80+ windows for excellent light and air in all units.
- Retail includes a fully leased bodega/hookah shop and one vacant unit for upside.
Executive Summary
Cory Rosenthal
Matthews Real Estate Investment Services, Inc
License # 10991237833, 10311210106 (NY)
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 10991237833, 10311210106 (NY)
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $2,666,683 CAD | Lot Size | 0.11 AC |
| Price Per SF | $188.17 CAD | Rentable Building Area | 14,172 SF |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 8.20% | Year Built | 1930 |
| Property Type | Flex |
| Price | $2,666,683 CAD |
| Price Per SF | $188.17 CAD |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Property Type | Flex |
| Lot Size | 0.11 AC |
| Rentable Building Area | 14,172 SF |
| No. Stories | 4 |
| Year Built | 1930 |
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Walk Score®
Very Walkable (83)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (73)
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351 Legion Street | 351 Legion St
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