354 21st St - Apartments FOR SALE


Brooklyn, NY 11215- South Slope
$900,000 USD
917-623-8874
354 21st St, Brooklyn, NY for Sale
$900,000 USD
Apartments - FOR SALE
1/5
null | 8.15% Cap Rate

354 21st St
Brooklyn, NY 11215
South Slope


OVERVIEW

This 6-family w/ 3 Market Rent and 3 Rent Stabilized apartments delivers strong, reliable cash flow with an 8.15% cap rate, offering a compelling return in today's market. This prime investment opportunity is located in the South Slope area of Park Slope! Monthly Rent Roll: $11,244 | Annual Rent Roll: $134,915 | Annual Expenses: $61,535 | NOI: $73,380 Lot: 20 x 100 ft | Building: 20 x 75 ft | 3 Stories + Basement | Zoning: C-2 | 6 Residential Units | Rent Stabilized. 1 apartment on the ground floor has become vacant and will remain so, incase a buyer wishes to be owner operated. Otherwise it can be immediately rented out upon closing. The property has deferred maintenance and is priced accordingly, representing a straightforward income play for an experienced investor or owner-operator comfortable with a building that requires attention. Income is consistent, making this a steady cash-flowing asset in one of Brooklyn's most sought-after and transit-accessible neighborhoods. All information deemed reliable but not guaranteed. Buyers to perform their own due diligence.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

6

PRICE/UNIT

$150,000

CAP RATE

8.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6

APN/PARCEL ID

00898-0037

ASK ABOUT THIS PROPERTY

Robert SwiderskiRealTegrityMore Info
917-623-8874

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Robert SwiderskiRealTegrityMore Info
917-623-8874

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