2701 Glenwood Rd - Apartments FOR SALE


Brooklyn, NY 11210- Flatbush-Ditmas Park
$2,199,999 USD
646-824-9301
2701 Glenwood Rd, Brooklyn, NY for Sale
$2,199,999 USD
Apartments - FOR SALE
1/9
null | 5.6% Cap Rate

2701 Glenwood Rd
Brooklyn, NY 11210
Flatbush-Ditmas Park


HIGHLIGHTS

  • SELLERS FINANCING at 4.125%
  • 10% - 15% Cash on Cash Return
  • 100% Occupied Turn-Key

OVERVIEW

* 100% Occupied Turn-key Co-Living Housing: Four-story, double duplex designed for educational/institutional housing, non-profit organizations, etc. * Comprehensive Renovation: - with premium features such as all-new plumbing, electrical systems, windows, kitchens, bathrooms, flooring, stairs, siding, etc * Building Features: 15 bedrooms & 8 bathrooms, common roof deck, 2 car garage w/ private parking up to 4 cars. * Income Producing: current NOI over $123,000 w/ 20% upside in rent roll at market rates. * Low Interest Rate: Sellers Financing available at 4.125%. * Return On Investment (ROI): 10% - 15% cash on cash return. * Low Taxes: Tax Class 1 (1-3 Family) Annual Taxes $11,000 * Prime Location: - border of Flatbush/Midwood, exceptional accessibility & proximity to Brooklyn College & The Junction * Proximity To Transportation: block away from 2, 5, and Q trains,

FOR SALE DETAILS

PRICE

$2,199,999 USD

PRICE/SF

$697 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,100,000

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,873 SF

ZONING

R5B

APN/PARCEL ID

05248-0008

ASK ABOUT THIS PROPERTY

Max ShermanCompassMore Info
646-824-9301

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Max ShermanCompassMore Info
646-824-9301

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