181-183 Montrose Ave
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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.
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 | Apartment Style | Mid Rise |
Price Per Unit | $200,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.05 AC |
Cap Rate | 7.27% | Building Size | 5,400 SF |
No. Units | 7 | No. Stories | 4 |
Property Type | Multifamily | Year Built | 1920 |
Property Subtype | Apartment |
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
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
Parcel Number | 03053-0025 | Improvements Assessment | $687,600 (2024) |
Land Assessment | $7,650 (2024) | Total Assessment | $695,250 (2024) |
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) |
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181-183 Montrose Ave
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