189 Wyckoff Ave 6 Unit Apartment Building $1,050,000 ($175,000/Unit) 7.74% Cap Rate Brooklyn, NY 11237
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic.
- High vehicle count.
EXECUTIVE SUMMARY
6-Family Rental Property located on Prime Wyckoff Avenue, Bushwick, Brooklyn. The 3-story
the building is comprised of 6 floor-through two bedrooms and one-bath apartments. The
Kitchens in these apartments face the backyard, and the living rooms face Wyckoff Avenue.
There is a comparable-sized basement that is used for storage only. These are regulated
apartments.
the building is comprised of 6 floor-through two bedrooms and one-bath apartments. The
Kitchens in these apartments face the backyard, and the living rooms face Wyckoff Avenue.
There is a comparable-sized basement that is used for storage only. These are regulated
apartments.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 7.74% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,350 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Parking Ratio | 0.17/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
1 of 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (98)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 03281-0006 | Total Assessment | $306,720 |
| Land Assessment | $6,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $300,420 | Tax Year | 2024 |
ZONING
| Zoning Code | R6 (districts allow all types of housing at a slightly higher density than permitted in R3-2 districts) |
