1729 67th St - Apartments FOR SALE


Brooklyn, NY 11204- Bensonhurst
$6,900,000 USD
718-475-4300
1729 67th St, Brooklyn, NY for Sale
$6,900,000 USD
Apartments - FOR SALE
1/35
null | 7.83% Cap Rate

1729 67th St
Brooklyn, NY 11204
Bensonhurst


HIGHLIGHTS

  • Well Maintained 7.8% Cap
  • 59 Units | 61,740 sf
  • $112/sf
  • 9.8 Cash on Cash

OVERVIEW

1729 67th Street is a beautifully maintained 59-unit, rent-stabilized multifamily building with a very strong 7.8% day-1 cap rate and only asking $112/sf and $117k/unit. These are extremely attractive metrics. Beyond its metrics, the property benefits from being located just steps from the N and D subway lines, offering direct access to Manhattan and strong connectivity throughout Brooklyn. The property has been exceptionally well-maintained over time and features extremely clean common areas and solid building systems throughout. It is a stable, orderly asset with a level of cleanliness and maintenance that stands out within the submarket. Investors are acquiring true in-place yield on day one with minimal arrears. In addition, there is very competitive financing available, which can support approximately 10% cash-on-cash returns based on the current income and structure. The combination of scale, strong physical condition, excellent transit access, and an 7.8% going-in cap presents a compelling opportunity to secure stable cash flow at an attractive entry point in today’s market.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

59

PRICE/UNIT

$116,949

CAP RATE

7.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,591 SF

ZONING

R5

APN/PARCEL ID

05560-0073

ASK ABOUT THIS PROPERTY

Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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