395 Manhattan Ave - Apartments FOR SALE


New York, NY 10026- Little Senegal
$3,500,000 USD
718-395-1877
395 Manhattan Ave, New York, NY for Sale
$3,500,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

395 Manhattan Ave
New York, NY 10026
Little Senegal


HIGHLIGHTS

  • 6 Free-Market Units
  • Delivered Vacant
  • 4,125 SF
  • Close Proximity to L & G Trains

OVERVIEW

TerraCRG has been retained to exclusively represent ownership in the sale of 395 Manhattan Avenue, a VACANT fully FREE MARKET multifamily building in prime Williamsburg neighborhood of Brooklyn. The approximately 4,125 SF building consists of 6 free-market apartments. The property projects an annual gross rent roll of ~$384,000 and a net operating income of ~$336,171 after expenses. The property needs minor renovation but overall is in good condition. The property sits on the Manhattan Avenue corridor between Frost Street and Meeker Avenue just two blocks from McCarren Park. The property is also a short walk to the L subway at Lorimer Street and the G subway at Nassau Avenue, providing excellent connectivity to Manhattan and the rest of Brooklyn.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,621 USD /SF

# OF UNITS

6

PRICE/UNIT

$583,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

395 Manhattan Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,875 SF

ZONING

R7A

APN/PARCEL ID

1943-0017

ASK ABOUT THIS PROPERTY

Daniel ChungTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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Daniel ChungTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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