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181-183 Montrose Ave

7 Unit Apartment Building $1,400,000 ($200,000/Unit) 7.27% Cap Rate Brooklyn, NY 11206

Investment Highlights

  • Seven unit, 27 foot wide investment rental building for sale.

Executive Summary

7.27% Cap on this building. 7 of the 7 Units are RS. Incredible Investment opportunity in the heart of Williamsburg steps away from the L train line. Seven unit, 27 foot wide investment rental building for sale. 5,400 square feet in total, plus a full garden in the back of the lot. 200
feet from the Montrose Avenue L train stop. Great Long Term Investment. A Developer’s Dream Purchase.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $90,000 $16.67

Financial Summary (Actual - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $90,000
Annual Per SF $16.67

Property Facts

Price $1,400,000
Price Per Unit $200,000
Sale Type Investment
Cap Rate 7.27%
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.05 AC
Building Size 5,400 SF
No. Stories 4
Year Built 1920

Unit Amenities

  • Heating
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03053-0025
Land Assessment
$7,650 (2024)
Improvements Assessment
$687,600 (2024)
Total Assessment
$695,250 (2024)

zoning

Zoning Code R6 (Medium Density Apartment House District)
R6 (Medium Density Apartment House District)
  • Listing ID: 30842090

  • Date on Market: 2/1/2024

  • Last Updated:

  • Address: 181-183 Montrose Ave, Brooklyn, NY 11206

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