659 Miller Ave | Brooklyn, NY 11207
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659 Miller Ave
Brooklyn, NY 11207
Multifamily Property For Sale · 6 Units
Executive Summary
659 Miller Ave, Brooklyn NY 11207
Up for sale is a 6-unit residential building centrally located in East New York.
Coming in at 4,920 Square Footage spread over 3 floors.
Building Dimensions: 20.5' X 80'
Lot Size: 28 ‘ X 95 ‘
Unit mix of 5 two bedroom apartments and 1 one bedroom apartment.
One unit is currently vacant, which provides an opportunity for a savvy homebuyer to occupy this unit while generating cash flow from the rented units.
For investors this provides a property with a solid rent roll and a building with upside.
7.5% Cap Rate at asking price.
Seller financing available
Price is negotiable.
All the DHCRs are up to date.
The boiler is only 1 year old, and the roof has recently been renovated as well. The property has a shared driveway, garage and a large walkout basement.
Walking distance of only 3 minutes to multiple train lines (2/3/4/5) along with many shops and dining options nearby.
Brokers and agents are welcome to bring their buyers. Call the listing broker for more information.
Up for sale is a 6-unit residential building centrally located in East New York.
Coming in at 4,920 Square Footage spread over 3 floors.
Building Dimensions: 20.5' X 80'
Lot Size: 28 ‘ X 95 ‘
Unit mix of 5 two bedroom apartments and 1 one bedroom apartment.
One unit is currently vacant, which provides an opportunity for a savvy homebuyer to occupy this unit while generating cash flow from the rented units.
For investors this provides a property with a solid rent roll and a building with upside.
7.5% Cap Rate at asking price.
Seller financing available
Price is negotiable.
All the DHCRs are up to date.
The boiler is only 1 year old, and the roof has recently been renovated as well. The property has a shared driveway, garage and a large walkout basement.
Walking distance of only 3 minutes to multiple train lines (2/3/4/5) along with many shops and dining options nearby.
Brokers and agents are welcome to bring their buyers. Call the listing broker for more information.
PROPERTY FACTS
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.50% | Building Size | 4,920 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,920 SF |
| No. Stories | 3 |
| Year Built | 1925 |
Unit Amenities
- Air Conditioning
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Instant Hot Water
- Window Coverings
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 04087-0009 | Improvements Assessment | $264,150 |
| Land Assessment | $5,400 | Total Assessment | $269,550 |
PROPERTY TAXES
Parcel Number
04087-0009
Land Assessment
$5,400
Improvements Assessment
$264,150
Total Assessment
$269,550
zoning
| Zoning Code | R6 |
| R6 |
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