901 DeKalb Ave
Brooklyn, NY 11221
Multifamily Property For Sale · 15 Units
INVESTMENT HIGHLIGHTS
- Easy access to transportation with the G train a short walk away at the Myrtle-Willoughby station and the B38 bus located on the same block.
EXECUTIVE SUMMARY
4-story mixed-use building with 2 commercial units & 12 studio apartments. The 2 commercial spaces are leased to a Vape Shop and Diaz Electronics - both are on MTM leases. Entirely Free-Market and not subject to rent stabilization. Located on the north side of Dekalb Avenue between Throop Avenue & Marcus Garvey Boulevard. Of the 12 studio apartments, 9 are vacant with the 3 remaining on MTM leases creating a value add opportunity for investors. All units are individually metered and tenants pay their expenses. Rents in the neighborhood for studios are averaging north of $2,350/month.
PROPERTY FACTS
Price Per Unit | $196,667 |
Sale Type | Investment |
No. Units | 15 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 0.06 AC |
Building Size | 6,500 SF |
No. Stories | 4 |
Year Built | 1931 |
Opportunity Zone |
Yes |
PROPERTY TAXES
Parcel Number | 01777-0045 | Improvements Assessment | $327,600 |
Land Assessment | $33,750 | Total Assessment | $361,350 |
ZONING
Zoning Code | R6A (Medium density residential district) |