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371 Menahan St 6 Unit Apartment Building $1,371,427 CAD ($228,571 CAD/Unit) Brooklyn, NY 11237
Investment Highlights
- Ideal Owner User opportunity
- 2 Vacant 1st Floor Units.
Executive Summary
New Exclusive: 371 Menahan Street, Brooklyn, NY 11237. $999,000.00 Six-Family building located in Prime North Bushwick Location. Both First floor units are vacant with legal Marshal evictions. Ideal opportunity for an owner/investor to combine units into a 1320 SF apartment. 4 RS units above.
Income from other 4 apartments is ~ $36,000.00 per year. Tenants pay own electric and heat. There are new split units in Apartments. Landlord pays for hot water.
Expenses:
Taxes - $13,712.00
PLP Electric - $ 900.00
Gas (Hot Water) $3,600.00
Insurance: $7,000.00
Income from other 4 apartments is ~ $36,000.00 per year. Tenants pay own electric and heat. There are new split units in Apartments. Landlord pays for hot water.
Expenses:
Taxes - $13,712.00
PLP Electric - $ 900.00
Gas (Hot Water) $3,600.00
Insurance: $7,000.00
Property Facts
| Price | $1,371,427 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $228,571 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | High Vacancy Property | Building Size | 4,264 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6, Brooklyn, (C2) | ||
| Price | $1,371,427 CAD |
| Price Per Unit | $228,571 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,264 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6, Brooklyn, (C2) |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03311-0046 | Improvements Assessment | $567,911 CAD |
| Land Assessment | $7,391 CAD | Total Assessment | $575,302 CAD |
Property Taxes
Parcel Number
03311-0046
Land Assessment
$7,391 CAD
Improvements Assessment
$567,911 CAD
Total Assessment
$575,302 CAD
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371 Menahan St
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