411 Himrod Street | 411 Himrod St
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411 Himrod Street 411 Himrod St
6 Unit Apartment Building $1,350,000 ($225,000/Unit) 6% Cap Rate Brooklyn, NY 11237
Investment Highlights
- Prime Bushwick
- Great condition
- High cap rate
Executive Summary
Oxford Property Group is excited to exclusively represent 411 Himrod Street, an exceptional 6-unit multifamily building priced significantly below market value. Situated on a prime block that borders Bushwick and Ridgewood, this property offers the unique opportunity to own a fantastic location that has seen tremendous appreciation over the past decade.
At just above $160,000 per unit, 411 Himrod Street presents a remarkable chance to acquire a sizable building in Bushwick for under $1.4 million. The building stands three stories high and encompasses over 7,500 square feet, featuring two railroad-style apartments on each floor. With a generous lot size of 25 feet by 100 feet, this property offers a larger footprint compared to others in its price range. Don't miss out on this rare investment opportunity!
At just above $160,000 per unit, 411 Himrod Street presents a remarkable chance to acquire a sizable building in Bushwick for under $1.4 million. The building stands three stories high and encompasses over 7,500 square feet, featuring two railroad-style apartments on each floor. With a generous lot size of 25 feet by 100 feet, this property offers a larger footprint compared to others in its price range. Don't miss out on this rare investment opportunity!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$112,008
|
$15.87
|
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 | $112,008 |
| Annual Per SF | $15.87 |
Property Facts
| Price | $1,350,000 | Apartment Style | Low Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6% | Building Size | 7,059 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment |
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,059 SF |
| No. Stories | 3 |
| Year Built | 1931 |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (97)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 03272-0042 | Improvements Assessment | $434,250 (2024) |
| Land Assessment | $29,250 (2024) | Total Assessment | $463,500 (2024) |
PROPERTY TAXES
Parcel Number
03272-0042
Land Assessment
$29,250 (2024)
Improvements Assessment
$434,250 (2024)
Total Assessment
$463,500 (2024)
zoning
| Zoning Code | R6 |
| R6 |
-
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411 Himrod Street | 411 Himrod St
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