2828 W 19th St - Apartments FOR SALE


Brooklyn, NY 11224- Coney Island
$1,200,199 USD
201-787-9679
2828 W 19th St, Brooklyn, NY for Sale
$1,200,199 USD
Apartments - FOR SALE
1/6
null | 6.52% Cap Rate

2828 W 19th St
Brooklyn, NY 11224
Coney Island


OVERVIEW

Verada, as exclusive agent, is pleased to offer for sale 2828 West 19th Street, a four-family walk-up in Coney Island, Brooklyn. The property consists of four free-market two-bedroom apartments totaling approximately 3,000 SF. Tenants pay their own unit utilities, generating $102,000 in annual gross scheduled income. Estimated NOI is $78,253 after real estate taxes, water/sewer, insurance, and maintenance and management reserves. The $1,200,000 ask equals a 6.52% in-place cap rate and $400/SF, within the range of five recent Coney Island-area multifamily sales. None of the four units are rent stabilized, giving a buyer both stabilized in-place income and turnover upside over time.

FOR SALE DETAILS

PRICE

$1,200,199 USD

PRICE/SF

$400 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,050

CAP RATE

6.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,396 SF

ZONING

R5, Brooklyn (C3)

APN/PARCEL ID

07019-0021

ASK ABOUT THIS PROPERTY

Brendan ThrappVeradaMore Info
201-787-9679

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Brendan ThrappVeradaMore Info
201-787-9679

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