Log In/Sign Up
Your email has been sent.
482 Atkins Ave
Brooklyn, NY 11208
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Apartment Building In Brooklyn For Sale!!!
- The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!!
- This Property Offers HUGE Upside Potential!!!
- The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High Ceilings, Strong R5 Zoning, (1) 1 Br. Apts., (1) 2 Br. Apt., +++!!!
- Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L.A. Fitness, Sunoco, Dollar Tree, Wendy’s, Subway, +++!!!
- This Building Can Be Bought In Addition To 989 Hegeman Avenue For Only $2.525m!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Apartment Building In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High Ceilings, Strong R5 Zoning, (2) 1 Br. Apts., (1) 3 Br. Apt., Basement, LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!! Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L.A. Fitness, Sunoco, Dollar Tree, Wendy’s, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Building Can Be Bought In Addition To 989 Hegeman Avenue For Only $2.474m!!!
Income:
Unit 1 (3 Br., 1 Bath): $39,600 Ann. M-M.
Unit 2R (1 Br., 1 Bath): $18,000 Ann. M-M.
Unit 2F (1 Br., 1 Bath): $18,000 Ann. M-M.
LL: $22,000 Ann. (Available)
Total Gross Rent: $87,600 Ann.
Expenses:
Gas: $2,580 Ann. (Heating Only)
Electric: $720 Ann. (Hallway Only)
Maintenance & Repairs: $250 Ann.
Insurance: $2,856 Ann.
Water & Sewer: $863 Ann.
Trash: $0 Ann.
Taxes: $4,919.64 Ann.
Total Expenses: $11,688.64 Ann.
Gross Income: $87,600 Ann.
Pro Forma Net Operating Income (NOI): $75,911.36 Ann. (8.68 Cap!!!)
Income:
Unit 1 (3 Br., 1 Bath): $39,600 Ann. M-M.
Unit 2R (1 Br., 1 Bath): $18,000 Ann. M-M.
Unit 2F (1 Br., 1 Bath): $18,000 Ann. M-M.
LL: $22,000 Ann. (Available)
Total Gross Rent: $87,600 Ann.
Expenses:
Gas: $2,580 Ann. (Heating Only)
Electric: $720 Ann. (Hallway Only)
Maintenance & Repairs: $250 Ann.
Insurance: $2,856 Ann.
Water & Sewer: $863 Ann.
Trash: $0 Ann.
Taxes: $4,919.64 Ann.
Total Expenses: $11,688.64 Ann.
Gross Income: $87,600 Ann.
Pro Forma Net Operating Income (NOI): $75,911.36 Ann. (8.68 Cap!!!)
PROPERTY FACTS
| Price Per Unit | $401,223 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 8.68% | Building Size | 3,340 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1899 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R5 | ||
| Price Per Unit | $401,223 CAD |
| Sale Type | Investment |
| Cap Rate | 8.68% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,340 SF |
| No. Stories | 2 |
| Year Built | 1899 |
| Parking Ratio | 1.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Storage Space
- Bicycle Storage
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
