$1,950,000 USD
914-584-7422
351 Riverdale Ave
Brooklyn, NY 11212
Brownsville
HIGHLIGHTS
- Cash-flowing mixed-use building with 18 apartments and 2 retail spaces in Brooklyn.
- Priced at $1,950,000, just $97K per unit and a 5.21X GRM based on current rent roll.
- 8.20% cap rate and $159,871 NOI with 14,172 SF of gross building area.
- Corner exposure provides 80+ windows for excellent light and air in all units.
- One block from the Saratoga Avenue 3-train, offering 30-40 minute access to Manhattan.
- Retail includes a fully leased bodega/hookah shop and one vacant unit for upside.
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$138 USD /SF
# OF UNITS
19
PRICE/UNIT
$102,632
CAP RATE
8.2%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
351 Legion Street
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
0.11 AC
LAND SF
4,792 SF
ZONING
R6
APN/PARCEL ID
03582-0006
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914-584-7422
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914-584-7422
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