Log In/Sign Up
Your email has been sent.
576 39th St 20 Unit Apartment Building $3,488,000 CAD ($174,400 CAD/Unit) 7.16% Cap Rate Brooklyn, NY 11232
INVESTMENT HIGHLIGHTS
- Well Maintained building
- Complies with Local Law 1, 11, 31, 152
EXECUTIVE SUMMARY
Matheos Realty Group has been exclusively retained to represent ownership in the sale of a well-maintained, income-producing four story multifamily building located in the heart of Sunset Park, Brooklyn. The property consists of 20 residential units all of which are rent-stabilized, spanning approximately 13,808 square feet.
Meticulously managed, each building features on-site laundry facilities and offers a quality living environment, contributing to strong tenant retention and long-term stability. With a total gross annual income of $346,508 and a net operating income of $178,879. Approx.. 20% of the units have been renovated and have a preferential rent allowing for future upside upon turnover of the units.
Meticulously managed, each building features on-site laundry facilities and offers a quality living environment, contributing to strong tenant retention and long-term stability. With a total gross annual income of $346,508 and a net operating income of $178,879. Approx.. 20% of the units have been renovated and have a preferential rent allowing for future upside upon turnover of the units.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$483,448
|
$34.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,669
|
$0.69
|
| Effective Gross Income |
$473,779
|
$33.84
|
| Taxes |
$106,214
|
$7.59
|
| Operating Expenses |
$117,993
|
$8.43
|
| Total Expenses |
$224,207
|
$16.01
|
| Net Operating Income |
$249,572
|
$17.83
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $483,448 |
| Annual Per SF | $34.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,669 |
| Annual Per SF | $0.69 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $473,779 |
| Annual Per SF | $33.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $106,214 |
| Annual Per SF | $7.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $117,993 |
| Annual Per SF | $8.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $224,207 |
| Annual Per SF | $16.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $249,572 |
| Annual Per SF | $17.83 |
PROPERTY FACTS
| Price | $3,488,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $174,400 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.16% | Building Size | 14,000 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1935 |
| Zoning | M1-2 | ||
| Price | $3,488,000 CAD |
| Price Per Unit | $174,400 CAD |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1935 |
| Zoning | M1-2 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 550 - 650 |
| 2+1 | 12 | - | 650 - 850 |
| 3+1 | 4 | - | 510 - 1,300 |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (94)
PROPERTY TAXES
| Parcel Number | 00913-0032 | Total Assessment | $873,315 CAD (2025) |
| Land Assessment | $164,062 CAD (2025) | Annual Taxes | $106,214 CAD ($7.59 CAD/SF) |
| Improvements Assessment | $709,253 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
00913-0032
Land Assessment
$164,062 CAD (2025)
Improvements Assessment
$709,253 CAD (2025)
Total Assessment
$873,315 CAD (2025)
Annual Taxes
$106,214 CAD ($7.59 CAD/SF)
Tax Year
2024
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
576 39th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.