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90 Moore St 6 Unit Apartment Building $3,629,392 CAD ($604,899 CAD/Unit) 8.66% Cap Rate Brooklyn, NY 11206
INVESTMENT HIGHLIGHTS
- 421A ABATEMENT IN PLACE, SPACIOUS LAYOUTS, GREAT LONG TERM VALUE ADD DEAL, PRIME LOCATION
EXECUTIVE SUMMARY
421A Tax Abatement active through 2033
Strong ROI with an in place CAP rate of 8.66%
Strong rental upside post-abatement expiration with a pro forma CAP rate of 10.16% (even with full taxes)
Final Certificate of Occupancy issued in 2024 — Not subject to Good Cause Eviction laws
Individually metered units — tenants pay their own utilities
Legal Rents are higher then current preferential rents
Low operating costs and minimal maintenance requirements
COMMERCIAL AND 2 UNITS ON 2ND FLOOR WILL BE DELIVERED VACANT AT CLOSING
Strong ROI with an in place CAP rate of 8.66%
Strong rental upside post-abatement expiration with a pro forma CAP rate of 10.16% (even with full taxes)
Final Certificate of Occupancy issued in 2024 — Not subject to Good Cause Eviction laws
Individually metered units — tenants pay their own utilities
Legal Rents are higher then current preferential rents
Low operating costs and minimal maintenance requirements
COMMERCIAL AND 2 UNITS ON 2ND FLOOR WILL BE DELIVERED VACANT AT CLOSING
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
AMENITIES
UNIT AMENITIES
- Hardwood Floors
- Double Pane Windows
- Intercom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 2+2 | 2 | - | 1,200 - 1,300 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 03106-0011 | Total Assessment | $1,168,598 CAD (2025) |
| Land Assessment | $19,053 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,149,545 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03106-0011
Land Assessment
$19,053 CAD (2025)
Improvements Assessment
$1,149,545 CAD (2025)
Total Assessment
$1,168,598 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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90 Moore St
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