The Angie 94 Milton St
8 Unit Apartment Building $7,750,000 ($968,750/Unit) 5.61% Cap Rate Brooklyn, NY 11222
Executive Summary
Property Address: 94 Milton Street, Greenpoint, Brooklyn
Description: Fully renovated 8-unit multifamily property, located on a stunning tree-lined, landmarked block between Franklin Street and Manhattan Avenue.
• Unit Breakdown: 7 free-market apartments + 1 rent-stabilized unit
• Annual Income: $435,000
• Features: Modern renovations, excellent tenant mix, and strong rental income potential.
• Location Perks: Steps from vibrant Franklin Street, trendy cafes, restaurants, and boutique shops. Convenient access to public transportation and all that Greenpoint has to offer.
This is an exceptional opportunity for investors looking for a stabilized asset with upside potential in one of Brooklyn’s most sought-after neighborhoods.
Don’t miss out on this rare gem!
Description: Fully renovated 8-unit multifamily property, located on a stunning tree-lined, landmarked block between Franklin Street and Manhattan Avenue.
• Unit Breakdown: 7 free-market apartments + 1 rent-stabilized unit
• Annual Income: $435,000
• Features: Modern renovations, excellent tenant mix, and strong rental income potential.
• Location Perks: Steps from vibrant Franklin Street, trendy cafes, restaurants, and boutique shops. Convenient access to public transportation and all that Greenpoint has to offer.
This is an exceptional opportunity for investors looking for a stabilized asset with upside potential in one of Brooklyn’s most sought-after neighborhoods.
Don’t miss out on this rare gem!
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 | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Property Facts
Price | $7,750,000 |
Price Per Unit | $968,750 |
Sale Type | Investment |
Cap Rate | 5.61% |
Gross Rent Multiplier | 15.2 |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | C |
Lot Size | 0.07 AC |
Building Size | 7,500 SF |
Average Occupancy | 100% |
No. Stories | 4 |
Year Built/Renovated | 1928/2023 |
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Oven
- Tub/Shower
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
Parcel Number | 02566-0012 | Improvements Assessment | $1,586,250 |
Land Assessment | $9,900 | Total Assessment | $1,596,150 |
zoning
Zoning Code | R6B (Greenpoint Historic District) |