1424 Greene Ave - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$1,275,000 USD
716-604-5763
1424 Greene Ave, Brooklyn, NY for Sale
$1,275,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1424 Greene Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Prime Bushwick Location Between the L & M Train Lines
  • Professionally Managed Multifamily Building
  • Steps to Maria Hernandez Park
  • Clean Paperwork and Well Maintained Building
  • 1 Unit Delivered Vacant w/ Legal Rent at $2,150

OVERVIEW

The Peters Team has been exclusively retained to arrange the sale of 1424 Greene Avenue, a six-unit, fully rent-stabilized multifamily walk-up in the heart of Bushwick. The property comprises six uniform two-bedroom apartments and is offered at a 7.63% going-in cap, with a current rent roll reflecting registered legal rents. Apartment 2L is delivered vacant and can be leased immediately at its full legal rent of $2,150. At $212,500 per unit and approximately $283 per square foot, the property offers an attractive basis well below replacement cost for stabilized multifamily product in Brooklyn.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

6

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,574 SF

ZONING

R6

APN/PARCEL ID

03301-0011

ASK ABOUT THIS PROPERTY

Matthew PetersMarcus & MillichapMore Info
716-604-5763

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Matthew PetersMarcus & MillichapMore Info
716-604-5763

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