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96 Starr St
Brooklyn, NY 11237
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Protected Tax Class 2A
EXECUTIVE SUMMARY
- 3-story walk-up building with 6 apartments; 4 free-market units and 2 rent stabilized units.
- All units are 2BR/1B - both first floor units are duplexed to the cellar and include private outdoor space.
- Protected Tax Class 2A - limits property tax increases year over year.
- All units are individually metered and tenants are responsible for their expenses; the building also has storage and laundry in the basement generating around $500/month of additional income.
- Opportunity to invest in a building with low turnover and high demand keeping vacancy rates low while rents grow year over year.
- The building was renovated in 2012 and has been immaculately maintained with top of line finishes allowing for minimal capital expenditures for investors.
- Located in a thriving pocket of Bushwick just a half block from Maria Hernandez Park, a neighborhood seeing immense growth and development, offeringmany restaurants, bodegas, shops & experiences throughout.
- Walking distance to the DeKalb Avenue Subway Station (L) and the Knickerbocker Avenue Subway Station (M)
- Both the L & M lines provide quick access to all five boroughs - under 35 minutes for transport to Grand Central 42nd Street
- All units are 2BR/1B - both first floor units are duplexed to the cellar and include private outdoor space.
- Protected Tax Class 2A - limits property tax increases year over year.
- All units are individually metered and tenants are responsible for their expenses; the building also has storage and laundry in the basement generating around $500/month of additional income.
- Opportunity to invest in a building with low turnover and high demand keeping vacancy rates low while rents grow year over year.
- The building was renovated in 2012 and has been immaculately maintained with top of line finishes allowing for minimal capital expenditures for investors.
- Located in a thriving pocket of Bushwick just a half block from Maria Hernandez Park, a neighborhood seeing immense growth and development, offeringmany restaurants, bodegas, shops & experiences throughout.
- Walking distance to the DeKalb Avenue Subway Station (L) and the Knickerbocker Avenue Subway Station (M)
- Both the L & M lines provide quick access to all five boroughs - under 35 minutes for transport to Grand Central 42nd Street
PROPERTY FACTS
| Price Per Unit | $465,307 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.48% | Building Size | 4,350 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6, Brooklyn - residential | ||
| Price Per Unit | $465,307 CAD |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,350 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6, Brooklyn - residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 650 |
| 3+1 | 2 | - | 950 |
PROPERTY TAXES
| Parcel Number | 03197-0021 | Improvements Assessment | $550,272 CAD |
| Land Assessment | $6,910 CAD | Total Assessment | $557,181 CAD |
PROPERTY TAXES
Parcel Number
03197-0021
Land Assessment
$6,910 CAD
Improvements Assessment
$550,272 CAD
Total Assessment
$557,181 CAD
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