878-882 Metropolitan Avenue, Brooklyn, NY 882 Metropolitan Ave 14 Unit Apartment Building $8,250,000 ($589,286/Unit) 5.23% Cap Rate Brooklyn, NY 11211
INVESTMENT HIGHLIGHTS
- Price Reduced!!! Two Buildings!!!
- Awesome Location!!! Desirable Williamsburg!
EXECUTIVE SUMMARY
Exclusive Listing, please call Broker directly if you wish to request and Offering Memorandum.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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
|
PROPERTY FACTS
| Price | $8,250,000 |
| Price Per Unit | $589,286 |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Building Size | 21,016 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2016 |
UNIT AMENITIES
- Balcony
- Dishwasher
- Washer/Dryer
- Hardwood Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 1+2 | 1 | - | - |
| 2+1 | 1 | - | - |
1 of 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (90)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,554,300 | |
| Land Assessment | $270,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,284,300 | Tax Year | 2024 |
ZONING
| Zoning Code | R6B, C2-4 (Medium density residential district) |
