659 Miller Ave, Brooklyn NY 11207
Up for sale is a 6-unit residential building centrally located in East New York.
Coming in at 4,920 Square Footage spread over 3 floors.
Building Dimensions: 20.5' X 80'
Lot Size: 28 ‘ X 95 ‘
Unit mix of 5 two bedroom apartments and 1 one bedroom apartment.
One unit is currently vacant, which provides an opportunity for a savvy homebuyer to occupy this unit while generating cash flow from the rented units. A total of 2 units will be vacant at time of the closing.
For investors this provides a property with a solid rent roll and a building with upside.
8.6% Cap Rate at asking price.
All the DHCRs are up to date.
The boiler is only 1 year old, and the roof has recently been renovated as well. The property has a shared driveway, garage and a large walkout basement.
Walking distance of only 3 minutes to multiple train lines (2/3/4/5) along with many shops and dining options nearby.
Brokers and agents are welcome to bring their buyers. Call the listing broker for more information.