530 Sutter Ave - Multi-Family FOR SALE


Brooklyn, NY 11207- East New York
$1,225,000 USD
347-534-7267
530 Sutter Ave, Brooklyn, NY for Sale
$1,225,000 USD
Multi-Family - FOR SALE
1/11
null | 8.79% Cap Rate

530 Sutter Ave
Brooklyn, NY 11207
East New York


OVERVIEW

The Yarmush Group is pleased to present 530 Sutter Avenue for sale. The property consists of a 3 story building with 2 vacant renovated 3 bedroom apartments over a retail space paying $3,500. Please see highlight below for the deal: - Renovated apartments requiring minimal to zero capital expenditures prior to lease up - Ability to achieve above a 9% cap once fully leased - 2 Blocks away from the L train Station getting your tenants into the city in under a half hour. This pocket of East New York is positioned to appreciate in time. - The property taxes are $4,898 annually and is in tax class protected, tax class 1 which has the best cap on what the increases can be year over year. (6% per year or 20% over 5 years).

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

3

PRICE/UNIT

$408,333

CAP RATE

8.79%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

530 Sutter Avenue

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

C4-3

APN/PARCEL ID

03767-0024

ASK ABOUT THIS PROPERTY

Zalman YarmushYarmush GroupMore Info
347-534-7267

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

Zalman YarmushYarmush GroupMore Info
347-534-7267

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