354 E 21st Street, Brooklyn, New York, United States, 11226
900,000
for Sale
2,003
About the property:
This 6-family w/ 3 Market Rent and 3 Rent Stabilized apartments delivers strong, reliable cash flow with an 8.15% cap rate, offering a compelling return in today's market. This prime investment opportunity is located in the South Slope area of Park Slope!
Monthly Rent Roll: $11,244 | Annual Rent Roll: $134,915 | Annual Expenses: $61,535 | NOI: $73,380
Lot: 20 x 100 ft | Building: 20 x 75 ft | 3 Stories + Basement | Zoning: C-2 | 6 Residential Units | Rent Stabilized.
1 apartment on the ground floor has become vacant and will remain so, incase a buyer wishes to be owner operated. Otherwise it can be immediately rented out upon closing.
The property has deferred maintenance and is priced accordingly, representing a straightforward income play for an experienced investor or owner-operator comfortable with a building that requires attention. Income is consistent, making this a steady cash-flowing asset in one of Brooklyn's most sought-after and transit-accessible neighborhoods.
All information deemed reliable but not guaranteed. Buyers to perform their own due diligence.
- Property Type:
- MULTI FAMILY
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.046
- Square Feet:
- 27246
- Heating Type:
- 0
- Is Apartment:
- Yes
- Is Building:
- Yes
- Is Investment:
- Yes
- Is Market:
- Yes
- Is Other:
- Yes
- Annual Property Taxes:
- 15,353
- Listing ID:
- 1006016
Rooms
Dimensions
Brokered by:
Realtegrity
Presented By:
Presented By: