1367 Dekalb Ave
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1367 Dekalb Ave
7 Unit Apartment Building $2,150,000 ($307,143/Unit) 6.80% Cap Rate Brooklyn, NY 11221
Investment Highlights
- Roof Deck
- Handsome brick, block and steel construction
- One Owner since construction, well- maintained
- All rent stabilized, good rents but below legal max
- Large backyard
Executive Summary
FIRST TIME AVAILABLE FOR SALE! BUILT BY CURRENT OWNER!
OFFERED TOGETHER WITH 1369 DEKALB AVE
7 Unit Multifamily consisting of Large 1br/1bath apartments, private roof deck, large backyard
Roof Deck
Construction completed 2003
421a tax abatement through 2030
All rent stabilized apartments, good rents but below legal max (Most leases are preferential rents)
Handsome brick, block and steel construction
Large backyard, shared with 1369 Dekalb Ave
Fireproof + sprinklers throughout
Tenants pay own utilities
100% occupied, historically close to zero vacancies
One owner since construction, well-maintained
Desirable 2B tax class
Attractive location in Bushwick between Central and Wilson Ave
AVAILABLE AS PART OF PORTFOLIO WITH 1342, 1345, 1352, 1356, 1369 DEKALB AVE
OFFERED TOGETHER WITH 1369 DEKALB AVE
7 Unit Multifamily consisting of Large 1br/1bath apartments, private roof deck, large backyard
Roof Deck
Construction completed 2003
421a tax abatement through 2030
All rent stabilized apartments, good rents but below legal max (Most leases are preferential rents)
Handsome brick, block and steel construction
Large backyard, shared with 1369 Dekalb Ave
Fireproof + sprinklers throughout
Tenants pay own utilities
100% occupied, historically close to zero vacancies
One owner since construction, well-maintained
Desirable 2B tax class
Attractive location in Bushwick between Central and Wilson Ave
AVAILABLE AS PART OF PORTFOLIO WITH 1342, 1345, 1352, 1356, 1369 DEKALB AVE
Property Facts
| Price | $2,150,000 | Apartment Style | Low Rise |
| Price Per Unit | $307,143 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.80% | Building Size | 5,460 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.31 | No. Stories | 3 |
| No. Units | 7 | Year Built | 2002 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $2,150,000 |
| Price Per Unit | $307,143 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Sale Conditions | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 13.31 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,460 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2002 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Oven
- Tub/Shower
- Yard
- Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 03234-0046 | Improvements Assessment | $602,100 |
| Land Assessment | $3,600 | Total Assessment | $605,700 |
PROPERTY TAXES
Parcel Number
03234-0046
Land Assessment
$3,600
Improvements Assessment
$602,100
Total Assessment
$605,700
zoning
| Zoning Code | R6 |
| R6 |
-
Eli Davidovics -
Shameed Karim -
Minotaur Management
(201) 383-4766
x101
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1367 Dekalb Ave
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