2904 Atlantic Ave - Apartments FOR SALE


Brooklyn, NY 11207
$1,850,000 USD
718-496-9820
2904 Atlantic Ave, Brooklyn, NY for Sale
$1,850,000 USD
Apartments - FOR SALE
1/4
null | 9.4% Cap Rate

2904 Atlantic Ave
Brooklyn, NY 11207


HIGHLIGHTS

  • High Cap Rate Sale
  • Strong cash flow
  • Commercial Unit has 5% yearly increases

OVERVIEW

2904 Atlantic Avenue, located in East New York Brooklyn is a fully occupied rent stabilized property that is available for sale. This asset is comprised of 14 apartments that have a mix of 1 and 2 bedroom apartments plus 1 commercial space. The property is generating $173,000~ in Net Operating Income and is being sold at a 9.4% Cap Rate. Contact us for more information. Asking Price: $1,850,000 Residential Units: 14 [2 vacant units] Commercial Units: 1 Building square footage: 9,000 Rent Stabilized: 100% Free Market: None Occupied: 100%

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

14

PRICE/UNIT

$132,143

CAP RATE

9.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C8-2 Brooklyn (C7)

APN/PARCEL ID

03966-0019

ASK ABOUT THIS PROPERTY

Julio ReyesReyes & ElsamadMore Info
718-496-9820

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Julio ReyesReyes & ElsamadMore Info
718-496-9820

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