Renovated 8 unit building tax class 2B | 614 Marlborough Rd
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Renovated 8 unit building tax class 2B 614 Marlborough Rd
8 Unit Apartment Building $2,250,000 ($281,250/Unit) 5.89% Cap Rate Brooklyn, NY 11226
Executive Summary
Goldcap Real Estate Advisors is pleased to announce we have been retained to exclusively represent the sale of 614 Marlborough RD in the Ditmas Park section of Flatbush in Brooklyn, NY. Currently, it is a 5,750 SF 4-story walk-up building consisting of 8 apartments. The building was renovated in 2015 with luxury finishes and now has a gross income of $180,000. The property is being offered at close to a 6% cap rate, with an asking price of $2,250,000. Heshie Goldfein, president of Goldcap will be handling the assignment.
Data Room Click Here to Access
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,250,000 | Apartment Style | Mid Rise |
| Price Per Unit | $281,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.89% | Building Size | 5,750 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1931/2015 |
| Property Subtype | Apartment |
| Price | $2,250,000 |
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,750 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1931/2015 |
Unit Amenities
- Dishwasher
1 of 1
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Rider's Paradise (97)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 05235-0019 | Total Assessment | $608,040 (2024) |
| Land Assessment | $6,750 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $601,290 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
05235-0019
Land Assessment
$6,750 (2024)
Improvements Assessment
$601,290 (2024)
Total Assessment
$608,040 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
zoning
| Zoning Code | R6 |
| R6 |
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Renovated 8 unit building tax class 2B | 614 Marlborough Rd
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