659 Miller Ave - Apartments FOR SALE


Brooklyn, NY 11207- East New York
$850,000 USD
646-434-9100
659 Miller Ave, Brooklyn, NY for Sale
$850,000 USD
Apartments - FOR SALE
1/3
null | 8.6% Cap Rate

659 Miller Ave
Brooklyn, NY 11207
East New York


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

8.6%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,657 SF

ZONING

R6

APN/PARCEL ID

04087-0009

ASK ABOUT THIS PROPERTY

Andrey KisheyevPrimeRock Real Estate GroupMore Info
646-434-9100

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

Andrey KisheyevPrimeRock Real Estate GroupMore Info
646-434-9100

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