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626 Greene Ave 6 Unit Apartment Building Offered at $3,410,600 CAD at a 6.69% Cap Rate Brooklyn, NY 11221
Executive Summary
Welcome to 626 Greene Avenue, a newly renovated building in the heart of Bedford Stuyvesant, a beautiful, quiet block moments from Tompkins Park.
The building offers 6 homes, with a 421(a)-tax abatement until 2031. The apartments feature granite kitchen countertops with stainless steel appliances, large windows, and an abundance of closet space. They boast central air and northern/southern light.
Conveniently situated on a tree lined block within a short trip to the G/C train, laundromat around the corner, surrounding restaurants, and coffee shops.
Note: 626 Greene Ave is also offered as a package deal with 626A Greene Ave for a total of 12 apartments with an offering price of $5,000,000.
The building is currently fully tenanted. Set up available upon request.
The building offers 6 homes, with a 421(a)-tax abatement until 2031. The apartments feature granite kitchen countertops with stainless steel appliances, large windows, and an abundance of closet space. They boast central air and northern/southern light.
Conveniently situated on a tree lined block within a short trip to the G/C train, laundromat around the corner, surrounding restaurants, and coffee shops.
Note: 626 Greene Ave is also offered as a package deal with 626A Greene Ave for a total of 12 apartments with an offering price of $5,000,000.
The building is currently fully tenanted. Set up available upon request.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,410,600 CAD | Property Type | Multifamily |
| Price Per Unit | $568,433 CAD | Building Size | 4,200 SF |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 6.69% | Year Built | 2015 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Price | $3,410,600 CAD |
| Price Per Unit | $568,433 CAD |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,200 SF |
| No. Stories | 4 |
| Year Built | 2015 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 3+2 | 1 | - | 1,000 |
| 2+1 | 1 | - | 1,000 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01800-0019 | Improvements Assessment | $581,360 CAD |
| Land Assessment | $147,960 CAD | Total Assessment | $729,320 CAD |
Property Taxes
Parcel Number
01800-0019
Land Assessment
$147,960 CAD
Improvements Assessment
$581,360 CAD
Total Assessment
$729,320 CAD
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626 Greene Ave
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