Oversized six family building offering approximately 6, 150 square feet of living space with spacious apartment layouts throughout.
| Website: | https://www.nestseekers.com/5347361 |
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| Address: | New York, NY 11207 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 14 BR |
| Bathrooms: | 6 |
| Lot Size: | 0.1 Acres |
Financials
Description
Oversized six-family building offering approximately 6,150 square feet of living space with spacious apartment layouts throughout. The property consists of four large 2-bedroom units and two 3-bedroom units, providing strong rental appeal and stable income potential.
The building is configured with 7 electric meters and 6 gas meters, allowing for separate utilities. Recent improvements include a new boiler and hot water heater, and the roof was replaced approximately six years ago.
Conveniently located near public transportation, neighborhood shopping, and local amenities, making it attractive for long-term tenants.
Currently generating approximately $88,000 in Net Operating Income (NOI) and offered at approximately a 7% cap rate at the asking price. Excellent opportunity for investors seeking a well-sized multifamily property with solid cash flow in Brooklyn.
Amenities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Other
- Sewer Connected
- Trash Collection Public
- Water Connected
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578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
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| Listing Courtesy of Douglas Elliman Real Estate | |