$7,525,000 USD
718-475-4382
Central Brooklyn Workforce Housing
Brooklyn, NY
East New York
HIGHLIGHTS
- 8 Mixed-Use and Multifamily Buildings in Central Brooklyn
- Comprised of 83 Residential and 5 Retail Units
- Buyer Required to Assume HPD Financing and Regulatory Agreements | Potential for Individual Entity Sales
- Asking: $7,525,000 | Blended $92/SF and $85,511/Unit
- 5.7x GRM - 9.5% Cap Rate / Low interest rate debt available for assumption worth $1.3 million of intrinsic value based upon today's rates
- Assumable Financing at 76% LTV | 23.4% Cash-on-Cash Return with Attractive blended 3.26% Interest Rate
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718-475-4382
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718-475-4382
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