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372 Saint Johns Pl 19 Unit Apartment Building $13,531,240 CAD ($712,171 CAD/Unit) 6.15% Cap Rate Brooklyn, NY 11238
Investment Highlights
- 50’ x 83’ walk-up building with 19 residential units (2X-3BR/2BTH | 8X-2BR/1BTH | 6X-2BR/1BTH | 3X-1BR/1BTH), averaging 700 SF per apartment
- Renovated With High-End Finishes- 18 of the 19 units are fully renovated with high-end appliances and fixtures, and have in-unit laundry
- Transit Oriented Location- The 2 & 3 trains are just two blocks away at Eastern Parkway – Brooklyn Museum stop, with access to Midtown Manhattan
- 90% Free Market- 17 units are fully free market, 2 units are rent stabilized (one of which has legal rent of $3,190, roughly in line with market)
- Ample windows, southern exposure, and large air shafts provide excellent light and air, allowing for bright and efficient apartment layouts
- Close proximity to premier retail, restaurants, and local attractions, including Prospect Park, Grand Army Plaza, Brooklyn Library, Prospect Park Zoo
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 | $13,531,240 CAD | Building Class | B |
| Price Per Unit | $712,171 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 15,435 SF |
| Cap Rate | 6.15% | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7A | ||
| Price | $13,531,240 CAD |
| Price Per Unit | $712,171 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 15,435 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1914 |
| Opportunity Zone |
Yes |
| Zoning | R7A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
| 2+1 | 14 | - | - |
| 1+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 01176-0020 | Improvements Assessment | $3,386,000 CAD |
| Land Assessment | $31,552 CAD | Total Assessment | $3,417,552 CAD |
Property Taxes
Parcel Number
01176-0020
Land Assessment
$31,552 CAD
Improvements Assessment
$3,386,000 CAD
Total Assessment
$3,417,552 CAD
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372 Saint Johns Pl
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