869 & 913 Thomas S Boyland St
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869 & 913 Thomas S Boyland St
2 Multifamily Properties Offered at $4,400,000 in Brooklyn, NY
Investment Highlights
- Located in Brownsville neighborhood
- Wonderful recreational spaces near by
Executive Summary
CBRE has been retained on an exclusive basis to arrange for the sale of 869 & 913 Thomas S. Boyland Street (the “Property”). The property consists of two four-story multifamily walkup buildings between Newport Street and Lott Avenue in Brownsville.
869 Thomas S. Boyland Street is 28,800 gross square feet and consists of 31 rent stabilized units units totaling 28,800 gross square feet. The property is configured of 10 one-bedroom and 21 two-bedroom apartments.
913 Thomas S. Boyland Street is 19,200 gross square feet and consists of 20 rent stabilized units. The building is configured of 17 one-bedroom and 3 two-bedroom apartments.
Together, the property encompasses 51 units across 48,000 gross square feet. Units are rent stabilized and upkept through consistent maintenance and care. The average rent is $1,508 per unit.
The immediate area offers and encourages community amenities. Places like The Brownsville Recreation Center and Betsy Head Park offer wonderful recreational spaces for residents to enjoy.
869 Thomas S. Boyland Street is 28,800 gross square feet and consists of 31 rent stabilized units units totaling 28,800 gross square feet. The property is configured of 10 one-bedroom and 21 two-bedroom apartments.
913 Thomas S. Boyland Street is 19,200 gross square feet and consists of 20 rent stabilized units. The building is configured of 17 one-bedroom and 3 two-bedroom apartments.
Together, the property encompasses 51 units across 48,000 gross square feet. Units are rent stabilized and upkept through consistent maintenance and care. The average rent is $1,508 per unit.
The immediate area offers and encourages community amenities. Places like The Brownsville Recreation Center and Betsy Head Park offer wonderful recreational spaces for residents to enjoy.
Property Facts
| Price | $4,400,000 | Number of Properties | 2 |
| Price / SF | $63.49 / SF | Individually For Sale | 0 |
| Cap Rate | 7.75% | Total Building Size | 69,300 SF |
| Sale Type | Investment | Total Land Area | 0.32 AC |
| Status | Active |
| Price | $4,400,000 |
| Price / SF | $63.49 / SF |
| Cap Rate | 7.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 69,300 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 913-919 Thomas S Boyland St, Brooklyn, NY 11212 | Multifamily | 19,200 SF | 1930 | - |
|
Hopkinport Court
869 Thomas S Boyland St, Brooklyn, NY 11212 |
Multifamily | 50,100 SF | 1930 | - |
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869 & 913 Thomas S Boyland St
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