365 Rutland Rd - Apartments FOR SALE


Brooklyn, NY 11225
$2,000,000 USD
646-559-4700
365 Rutland Rd, Brooklyn, NY for Sale
$2,000,000 USD
Apartments - FOR SALE
1/3
null | 6.93% Cap Rate

365 Rutland Rd
Brooklyn, NY 11225


HIGHLIGHTS

  • Renovated (4) Family Delivered Vacant.
  • Roof New (2018), Boiler New (2020), Electrical New (2018).
  • 8,800 BSF (Market),15,600 BSF (UAP).
  • Located .4 Miles From Sterling Street & Nostrand Ave Subway Stop.
  • Low Taxes ($10,910/Yr).

OVERVIEW

365 Rutland Road is a (4) family building located on a 40’ x 100’ Lot Zoned R6 located on a Narrow Street (60’). The property has been meticulously maintained over the last 30 years of ownership. All units are (3) Bedroom and (1) bathroom. (2) of the units were recently renovated. Building was recently re-wired (2018), Boiler has been replaced (2020), and the roof was completely redone (2018). The property sits on a 40’ wide lot and can accommodate a 15,600 Sq. Ft. residential building by utilizing Universal Affordability Preference. Alternatively, developers can build a 8,800 Sq. Ft. fully market-rate building for Condominiums. The property is located on a mid-block lot between New York Ave & Nostrand Ave, approximately .4 Miles from the Sterling Street & .3 Miles from the Winthrop Street 2/5 Subway Stops.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

4

PRICE/UNIT

$500,000

CAP RATE

6.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(4) FAMILY ON 40’ WIDE LOT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,911 SF

ZONING

R5

APN/PARCEL ID

04801-0062

ASK ABOUT THIS PROPERTY

Alexandre GouletLandair Property AdvisorsMore Info
646-559-4700

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Alexandre GouletLandair Property AdvisorsMore Info
646-559-4700

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