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456 Blake Ave

8 Unit Apartment Building $3,400,000 ($425,000/Unit) 8.04% Cap Rate Brooklyn, NY 11212

Investment Highlights

  • Newly constructed building w 8% cap rate & high rental potential
  • Each room is equipped with its own mini-split HVAC system.
  • High quality material and premium appliances.

Executive Summary

Newly constructed & fully renovated 8-family building (built in 2024) featuring high-quality materials and premium appliances. The building includes 1 one-bedroom unit, 3 two-bedroom units, and 4 three-bedroom units. Each room is equipped with its own mini-split HVAC system for personalized climate control. The building offers laundry facilities, separate hot water tanks for each unit, and individual utility meters. Conveniently located near supermarkets, parks, shopping, dining, schools, and the L/2/3/4/5 subway lines, as well as multiple bus routes. This property offers excellent income potential with low taxes and operating expenses.

Property Facts

Price $3,400,000
Price Per Unit $425,000
Sale Type Investment
Cap Rate 8.04%
Sale Conditions High Vacancy Property
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.07 AC
Building Size 7,372 SF
Average Occupancy 0%
No. Stories 4
Year Built 2024

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Heating
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Intercom

Site Amenities

  • Controlled Access
  • Laundry Facilities
  • Gated
  • Doorman
  • Smoke Free
  • Roof Terrace
  • Public Transportation
  • Green Community

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 - 390
2+1 3 - 710 - 1,334
3+2 4 - 1,025
Walk Score ®
Very Walkable (82)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03780-0028
Land Assessment
$99,900
Improvements Assessment
$324,900
Total Assessment
$424,800

zoning

Zoning Code R6 (Commercial overlay district)
R6 (Commercial overlay district)
  • Listing ID: 33126903

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address: 456 Blake Ave, Brooklyn, NY 11212

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