177 Moffat St - Apartments FOR SALE


Brooklyn, NY 11207- Bushwick
$2,150,000 USD
646-373-7944
177 Moffat St, Brooklyn, NY for Sale
$2,150,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

177 Moffat St
Brooklyn, NY 11207
Bushwick


HIGHLIGHTS

  • Free Market
  • Seme-dettached
  • Parking

OVERVIEW

Built in 2003 Free-market three-family investment property Semi-detached brick building Ground-floor (4-bedroom, 2-bathroom) delivered vacant with an approximately 700 SF private backyard — exceptional owner-user opportunity Two occupied 3-bedroom apartments, upgraded with renovated kitchens, modern bathrooms, and new flooring Approx. 2,799 SF building on a 25' × 62.67' lot Full basement R6 zoning with approximately 642 SF of additional buildable area Upgraded common side yard Side yard offers potential to construct two additional units (subject to zoning and approvals) or create parking for two vehicles, with estimated additional income potential of approximately $1,000 per month ($12,000 annually) with a $0 investment. Strong in-place cash flow with significant rental upside Actual Gross Income: $129,420 | Potential Gross Income: $142,680 Actual NOI: $113,012 | Potential NOI: $140,636.05 Low annual property taxes of approximately $8,451 Just a 2-minute walk to the L train and 3 minutes from the J & Z Prime Bushwick location near many neighborhood amenities Modern construction with lower anticipated capital expenditures than comparable older multifamily buildings Owner-User Opportunity: Based on a 6.25% mortgage rate, approximately $6,990/month in rental income helps offset your monthly mortgage payment.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$1,372 USD /SF

# OF UNITS

3

PRICE/UNIT

$716,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R6

APN/PARCEL ID

03441-0060

ASK ABOUT THIS PROPERTY

Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

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Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

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