2113 Avenue V 30 Unit Apartment Building $6,100,000 ($203,333/Unit) 7.01% Cap Rate Brooklyn, NY 11229
INVESTMENT HIGHLIGHTS
- building for sale
- well mainteined
- prime location
- fully occupied
EXECUTIVE SUMMARY
An exceptional investment opportunity, this fully occupied residential rental property offers stable income in a sought-after location. Well-maintained and thoughtfully managed, the building features high tenant retention and strong rental demand. Situated in a desirable neighborhood with convenient access to local amenities, public transportation, and major thoroughfares, this property ensures long-term value appreciation. Ideal for investors seeking a turnkey asset with reliable cash flow.
30 residential units (all are rent stabilized) plus 1 commercial
Fully occupied
Well maintained
Recently upgraded building
Income $679,157
Expenses $251,429
NOI $427,728
30 residential units (all are rent stabilized) plus 1 commercial
Fully occupied
Well maintained
Recently upgraded building
Income $679,157
Expenses $251,429
NOI $427,728
DATA ROOM Click Here to Access
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $6,100,000 |
| Price Per Unit | $203,333 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 46,199 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1932/2020 |
| Zoning | R4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 30 | - | - |
1 of 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (81)
PROPERTY TAXES
| Parcel Number | 07354-0036 | Improvements Assessment | $1,169,550 |
| Land Assessment | $139,050 | Total Assessment | $1,308,600 |
