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351 Legion Street 351 Riverdale Ave 19 Unit Apartment Building $2,665,748 CAD ($140,303 CAD/Unit) 8.20% Cap Rate Brooklyn, NY 11212
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 | $2,665,748 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $140,303 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.20% | Building Size | 14,172 SF |
| No. Units | 19 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Medium Density Residential District | ||
| Price | $2,665,748 CAD |
| Price Per Unit | $140,303 CAD |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 14,172 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R6 - Medium Density Residential District |
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Walk Score®
Very Walkable (83)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 03582-0006 | Improvements Assessment | $976,849 CAD |
| Land Assessment | $184,195 CAD | Total Assessment | $1,161,045 CAD |
Property Taxes
Parcel Number
03582-0006
Land Assessment
$184,195 CAD
Improvements Assessment
$976,849 CAD
Total Assessment
$1,161,045 CAD
Contacts
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DJ Johnston -
Robert Moore -
David Caba -
Matthews Real Estate Investment Services
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351 Legion Street | 351 Riverdale Ave
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