413 57 Street 413 57th St

12 Unit Apartment Building $5,500,000 ($458,333/Unit) 6.20% Cap Rate Brooklyn, NY 11220

INVESTMENT HIGHLIGHTS

  • Brand new built building
  • Closer to D,N,R trains stations

EXECUTIVE SUMMARY

GREAT OPPTUNITIES FOR INVERTORS TO OWN A NEW BUILDING 7 STOIES BUILDING SIZE 20X66 TOTAL 9240 SQUARE FEET PLUS FINISHED BASEMENT. 4 PARKING SPACES. 12 FAMILIES, 6 OF THEM 1 BEDROOM AND 6 OF THEM 2 BEDROOMS NO RENT STABILIZE, NO RENT CONTROL HIGH INCOME STREAM. THE CAP RATE IS NOW 6.2%. ITS BUILT WITH SOLID STEAL AND CONCRET FLOORING. EXCELLENT SOUND PROVED. ELEVATOR, LAUNDRY AREA. LOCATS TWO BLOCKS TO 59 STREET TRAIN STATIONS ON 4TH AVE ITS FORMING A NEXT PARK SLOPE. VERY CONNIVANCE FOR COMMUTE . ONLY 3 STOPS TO MANHATTAN. TENANTS PAY THIER ALL UTILITIES. PLEASE FEEL FREE TO CALL ME FOR A COMPLETE SET UP

ATTACHMENTS

413 57 street

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $377,965 $47.25
Other Income - -
Vacancy Loss - -
Effective Gross Income $377,965 $47.25
Taxes $2,400 $0.30
Operating Expenses $36,624 $4.58
Total Expenses $39,024 $4.88
Net Operating Income $338,941 $42.37

PROPERTY FACTS

Price $5,500,000
Price Per Unit $458,333
Sale Type Investment
Cap Rate 6.20%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.05 AC
Building Size 9,240 SF
Average Occupancy 100%
No. Stories 7
Year Built 2018
Opportunity Zone Yes

SITE AMENITIES

  • 24 Hour Access
  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 12 - 660
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (80)

PROPERTY TAXES

ZONING

Zoning Code R6B (R7)
  • Listing ID: 34465878

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 413 57th St, Brooklyn, NY 11220