413 57 Street 413 57th St
12 Unit Apartment Building $5,500,000 ($458,333/Unit) 6.20% Cap Rate Brooklyn, NY 11220
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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
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$377,965
![]() |
$47.25
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Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$377,965
![]() |
$47.25
![]() |
Taxes |
$2,400
![]() |
$0.30
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Operating Expenses |
$36,624
![]() |
$4.58
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Total Expenses |
$39,024
![]() |
$4.88
![]() |
Net Operating Income |
$338,941
![]() |
$42.37
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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 |
1 of 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
Parcel Number | 00839-0071 | Total Assessment | $763,200 |
Land Assessment | $45,000 | Annual Taxes | $2,400 ($0.26/SF) |
Improvements Assessment | $718,200 | Tax Year | 2024 |
ZONING
Zoning Code | R6B (R7) |