371 Stockholm St - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$18,500,000 USD
718-475-4382
371 Stockholm St, Brooklyn, NY for Sale
$18,500,000 USD
Apartments - FOR SALE
1/16
null | 6% Cap Rate

371 Stockholm St
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • New Construction Built in 2020 | 421-a Tax Abatement Expiring in 2055
  • 27 Luxury Apartments | Includes Five Duplexed Units | Four Units with Private Outdoor Space
  • Commercial + Parking on Long-Term Lease with Wyckoff Hospital
  • Subterranean Garage with 31 Car Parking Spaces and 14 Bicycle Parking Spaces
  • Offering Significant Free-Market Upside with Strong Stabilized Income and Minimal Capex
  • Phenomenal Bushwick Location | Between Saint Nicholas and Wyckoff Avenues

OVERVIEW

The New York Multifamily team is pleased to offer 371 Stockholm St, a 29-Unit Mixed-Use Elevator Building Spanning 28,720 SF | 80'x100' Lot Multifamily Property at Bushwick neighborhood for $18,500,000.

FOR SALE DETAILS

PRICE

$18,500,000 USD

PRICE/SF

$831 USD /SF

# OF UNITS

29

PRICE/UNIT

$637,931

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Scarlet

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,015 SF

ZONING

R6

APN/PARCEL ID

03249-0035

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

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