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659 Miller Ave
Brooklyn, NY 11207
Multifamily Property For Sale
·
6 Units
Executive Summary
Discover an exceptional investment opportunity in the heart of East New York with this all-brick 6-unit residential building. Boasting 4,920 square feet across three stories, this property features a desirable unit mix of five spacious two-bedroom apartments and one cozy one-bedroom apartment. Ideally located just a short distance from multiple train lines (2/3/4/5), residents enjoy convenient access to transportation, diverse dining options, and local shops. The building features a shared driveway, garage, and a spacious basement, further enhancing its appeal. total of two units vacant at the time of closing, this property offers immediate cash flow potential and significant upside for investors. Recent updates include a new boiler (less than 1 year old) and a recently renovated roof, ensuring peace of mind and lower maintenance costs. Don't miss this opportunity to own a prime piece of real estate in a vibrant and growing neighborhood.
Property Facts Under Contract
| Price Per Unit | $181,040 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.14% | Building Size | 4,920 SF |
| No. Units | 6 | Average Occupancy | 67% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $181,040 CAD |
| Sale Type | Investment |
| Cap Rate | 8.14% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,920 SF |
| Average Occupancy | 67% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Instant Hot Water
- Window Coverings
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 04087-0009 | Improvements Assessment | $381,019 CAD |
| Land Assessment | $7,375 CAD | Total Assessment | $388,394 CAD |
Property Taxes
Parcel Number
04087-0009
Land Assessment
$7,375 CAD
Improvements Assessment
$381,019 CAD
Total Assessment
$388,394 CAD
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