316 6th St
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316 6th St
8 Unit Apartment Building $2,200,000 ($275,000/Unit) Brooklyn, NY 11215
Investment Highlights
- One block from an array of retail and dining options while also being one block from Washington Park.
- Low Basis: Our asking basis of $385 per SF is 40% below the average neighborhood basis of $666.
- Current proforma is based on re-tenanting in as-is condition, though the market can sustain higher rents with capital improvements.
- Owner-User Potential: Ideal for an owner-user, this property provides the unique opportunity to build out an expansive triplex unit (1F, 2F, 3F)
- Though half the building is already either vacant or free market, the asking price is roughly 30% of the building’s value if fully vacant.
- Tax Class Protected: 2A Tax Class limits tax increase to no more than 6% a year or 30% over 5 years.
Executive Summary
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | $2,200,000 | Apartment Style | Mid Rise |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 8 | Building Size | 5,720 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Price | $2,200,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,720 SF |
| No. Stories | 4 |
| Year Built | 1931 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 00993-0028 | Improvements Assessment | $852,570 |
| Land Assessment | $10,350 | Total Assessment | $862,920 |
PROPERTY TAXES
Parcel Number
00993-0028
Land Assessment
$10,350
Improvements Assessment
$852,570
Total Assessment
$862,920
zoning
| Zoning Code | R6B Brooklyn (C1) |
| R6B Brooklyn (C1) |
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316 6th St
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