659 Miller Ave - Apartments FOR SALE


Brooklyn, NY 11207- East New York
$799,000 USD
347-515-0647
659 Miller Ave, Brooklyn, NY for Sale
$799,000 USD
Apartments - FOR SALE
1/3
null | 8.14% Cap Rate

659 Miller Ave
Brooklyn, NY 11207
East New York


OVERVIEW

Discover an exceptional investment opportunity in the heart of East New York with this all-brick 6-unit residential building. Boasting 4,920 square feet across three stories, this property features a desirable unit mix of five spacious two-bedroom apartments and one cozy one-bedroom apartment. Ideally located just a short distance from multiple train lines (2/3/4/5), residents enjoy convenient access to transportation, diverse dining options, and local shops. The building features a shared driveway, garage, and a spacious basement, further enhancing its appeal. total of two units vacant at the time of closing, this property offers immediate cash flow potential and significant upside for investors. Recent updates include a new boiler (less than 1 year old) and a recently renovated roof, ensuring peace of mind and lower maintenance costs. Don't miss this opportunity to own a prime piece of real estate in a vibrant and growing neighborhood.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,167

CAP RATE

8.14%

% 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

Firas ToumKeller Williams Realty EmpireMore Info
347-515-0647

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Firas ToumKeller Williams Realty EmpireMore Info
347-515-0647

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