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!

Attachments

94 Milton Street

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

zoning

Zoning Code R6B (Greenpoint Historic District)
  • Listing ID: 34445231

  • Date on Market: 1/10/2025

  • Last Updated:

  • Address: 94 Milton St, Brooklyn, NY 11222