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319 Menahan St 6 Unité Immeuble d’appartements 2 068 395 $ CAD (344 732 $ CAD/Unité) 6,76% Taux de capitalisation Brooklyn, NY 11237
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Three Fully Gut-Renovated, High-Rent Units
- Legal Garden Duplex with Private 875 SF Yard
- Excellent Condition & Strong Compliance Record
- IAI Documentation Package
- Three Rent-Stabilized Units
- Prime Bushwick Location
RÉSUMÉ DE L'ANNONCE
IPRG is pleased to present 319 Menahan Street, a well-maintained six-family brick building in the heart of Bushwick, Brooklyn. Built 24.5’ × 65’ on a 24.5’ × 100’ lot
(±5,350 existing SF), the property delivers strong day-one cash flow with multiple avenues for future upside.
KEY HIGHLIGHTS:
- Three Fully Gut-Renovated, High-Rent Units: Ownership invested over $400,000 renovating these three units, each featuring high-end finishes, individual HVAC systems, and fully signed-off DOB GC permits. Two units are true free-market. One remains rent-stabilized (did not previously meet the high-rent vacancy decontrol threshold) with a current preferential/market rent of $2,692/mo and a legal regulated rent of $4,402/mo, offering immediate mark-to-market upside upon turnover.
- IAI Documentation Package: Ownership will provide a complete renovation file, including before/during/after photos, signed GC and architect contracts, invoices, and copies of all canceled checks.
- Legal Garden Duplex with Private 875 SF Yard: Apartment 1R is a spacious legal duplex with direct parlor-level access to an expansive 875 SF private rear yard.
- Three Rent-Stabilized Units: Three unrenovated rent-stabilized apartments provide stable in-place income with additional long-term value-add potential.
- Excellent Condition & Strong Compliance Record: Fewer than 10 HPD violations in 12 years of ownership. Only two complaints in the past four years. Full collections for the entire ownership period, with no nonpayment issues, arrears, or vacancies.
- Prime Bushwick Location: Just steps from the Myrtle-Wyckoff Ave L/M trains and surrounded by Bushwick’s vibrant retail, dining, galleries, and nightlife.
319 Menahan Street offers investors a true turnkey opportunity—three high-performing renovated units with significant capital investment, complete
documentation, low-maintenance operations, protected stabilized income, and clear value-add potential through preferential rent recapture and future
repositioning of remaining units
(±5,350 existing SF), the property delivers strong day-one cash flow with multiple avenues for future upside.
KEY HIGHLIGHTS:
- Three Fully Gut-Renovated, High-Rent Units: Ownership invested over $400,000 renovating these three units, each featuring high-end finishes, individual HVAC systems, and fully signed-off DOB GC permits. Two units are true free-market. One remains rent-stabilized (did not previously meet the high-rent vacancy decontrol threshold) with a current preferential/market rent of $2,692/mo and a legal regulated rent of $4,402/mo, offering immediate mark-to-market upside upon turnover.
- IAI Documentation Package: Ownership will provide a complete renovation file, including before/during/after photos, signed GC and architect contracts, invoices, and copies of all canceled checks.
- Legal Garden Duplex with Private 875 SF Yard: Apartment 1R is a spacious legal duplex with direct parlor-level access to an expansive 875 SF private rear yard.
- Three Rent-Stabilized Units: Three unrenovated rent-stabilized apartments provide stable in-place income with additional long-term value-add potential.
- Excellent Condition & Strong Compliance Record: Fewer than 10 HPD violations in 12 years of ownership. Only two complaints in the past four years. Full collections for the entire ownership period, with no nonpayment issues, arrears, or vacancies.
- Prime Bushwick Location: Just steps from the Myrtle-Wyckoff Ave L/M trains and surrounded by Bushwick’s vibrant retail, dining, galleries, and nightlife.
319 Menahan Street offers investors a true turnkey opportunity—three high-performing renovated units with significant capital investment, complete
documentation, low-maintenance operations, protected stabilized income, and clear value-add potential through preferential rent recapture and future
repositioning of remaining units
FAITS SUR LA PROPRIÉTÉ
| Prix | 2 068 395 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 344 732 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,05 AC |
| Taux de capitalisation | 6,76% | Taille du bâtiment | 5 350 pi² |
| Nombre d’unités | 6 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1931 |
| Sous-type de propriété | Appartement | ||
| Zonage | R6 | ||
| Prix | 2 068 395 $ CAD |
| Prix par unité | 344 732 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,76% |
| Nombre d’unités | 6 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,05 AC |
| Taille du bâtiment | 5 350 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1931 |
| Zonage | R6 |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Chauffage
- Réfrigérateur
- Four
- Bain/Douche
- Congélateur
COMMODITÉS DU SITE
- Accès 24 heures
- Accès contrôlé
- CVCA contrôlé par le locataire
- Sans fumée
- Détecteur de fumée
1 1
Walk Score®
Un paradis pour un marcheur (98)
Transit Score®
Un paradis pour conducteur (100)
Bike Score®
Très cyclable (88)
Impôts fonciers
| Numéro de lot | 03310-0055 | Évaluation des bâtiments | 645 587 $ CAD |
| Évaluation du terrain | 62 861 $ CAD | Évaluation totale | 708 448 $ CAD |
Impôts fonciers
Numéro de lot
03310-0055
Évaluation du terrain
62 861 $ CAD
Évaluation des bâtiments
645 587 $ CAD
Évaluation totale
708 448 $ CAD
CONTACTS
-
Derek Bestreich -
Steve Reynolds -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
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319 Menahan St
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