The Angie | 94 Milton St
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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
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $7,750,000 | Apartment Style | Townhome |
| Price Per Unit | $968,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.61% | Building Size | 7,500 SF |
| Gross Rent Multiplier | 15.2 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2023 |
| Property Subtype | Apartment |
| 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 |
PROPERTY TAXES
Parcel Number
02566-0012
Land Assessment
$9,900
Improvements Assessment
$1,586,250
Total Assessment
$1,596,150
ZONING
| Zoning Code | R6B (Greenpoint Historic District) |
| R6B (Greenpoint Historic District) |
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Presented by
Michal Kuras
The Angie | 94 Milton St
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