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383 E 52nd St
Brooklyn, NY 11203
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
A 24’ wide 6-unit three story apartment building. The units are located to the front and back of the property. The first floor front unit is a one-bedroom apartment, all the other units are two-bedroom apartments. The units have a living/ dining area a full kitchen and full bathroom. All the units are rent stabilized. They are individually metered for cooking gas and electric. All the meters are in the basement which has 7’ ceilings. The building has a gas boiler, water heater.
The property is a prime investment opportunity because it has stable cash flow. Value can be added by up-dating the common areas and stairs. The lot size gives the property the potential to be developed into a condo apartment building.
The property is also a great user opportunity, a user can take an apartment on the first floor and duplex it with the basement. The upper floor units can be rented for income.
The property is located one a nice residential block with mostly single and two family homes, the area is quiet and family oriented.
Located right off Church Avenue, the property has access to Bobby’s Department store, Walgreens, Chase Bank and many retail stores
The 46 Bus runs along Utica Avenue, to Eastern Parkway, to the 2, 3, 4 & 5 trains. The 35 Bus runs along Church Avenue, to Nostrand Avenue. All these factors gives the apartments high demand in the area.
The property is a prime investment opportunity because it has stable cash flow. Value can be added by up-dating the common areas and stairs. The lot size gives the property the potential to be developed into a condo apartment building.
The property is also a great user opportunity, a user can take an apartment on the first floor and duplex it with the basement. The upper floor units can be rented for income.
The property is located one a nice residential block with mostly single and two family homes, the area is quiet and family oriented.
Located right off Church Avenue, the property has access to Bobby’s Department store, Walgreens, Chase Bank and many retail stores
The 46 Bus runs along Utica Avenue, to Eastern Parkway, to the 2, 3, 4 & 5 trains. The 35 Bus runs along Church Avenue, to Nostrand Avenue. All these factors gives the apartments high demand in the area.
PROPERTY FACTS
| Price Per Unit | $289,338 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.57% | Lot Size | 0.09 AC |
| No. Units | 6 | Building Size | 11,041 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | Residential | ||
| Price Per Unit | $289,338 CAD |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 11,041 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 04700-0059 | Improvements Assessment | $386,271 CAD |
| Land Assessment | $7,574 CAD | Total Assessment | $393,844 CAD |
PROPERTY TAXES
Parcel Number
04700-0059
Land Assessment
$7,574 CAD
Improvements Assessment
$386,271 CAD
Total Assessment
$393,844 CAD
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