108 Calyer St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$5,950,000 USD
718-475-4382
108 Calyer St, Brooklyn, NY for Sale
$5,950,000 USD
Apartments - FOR SALE
1/9
null | 6% Cap Rate

108 Calyer St
Brooklyn, NY 11222
Greenpoint


OVERVIEW

Prime Greenpoint Location – Situated in one of Brooklyn’s most desirable neighborhoods, surrounded by a dynamic mix of residential, retail, and cultural amenities. Excellent access to public transit and proximity to Williamsburg and Long Island City. Residents are just steps away from North Brooklyn’s premier 28-acre waterfront park, offering athletic fields, playgrounds, green lawns, and unobstructed Manhattan skyline views. • 8-Unit Multifamily Building – Total of 7,020 SF across 8 residential units, offering a mix of fair market and rent-stabilized apartments. • Price Metrics – Asking Price: $5,950,000 Price per SF: $848 Price per Unit: $743,750 • Strong In-Place Income – Current Gross Rent Roll: $436,615 annually Effective Gross Income: $423,517 Current Cap Rate: 6.0% • Upside Potential – Pro Forma Gross Rent Roll: $472,109 annually Pro Forma Cap Rate: 6.5% 63% Fair Market Units (5 apartments) averaging $6,529/mo Tax Class 2B (~$23,893 annually).

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$848 USD /SF

# OF UNITS

8

PRICE/UNIT

$743,750

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,792 SF

ZONING

M1-1

APN/PARCEL ID

02593-0018

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.