482 Atkins Ave - Apartments FOR SALE


Brooklyn, NY 11208
$875,000 USD
516-279-8828
482 Atkins Ave, Brooklyn, NY for Sale
$875,000 USD
Apartments - FOR SALE
1/11
null | 8.68% Cap Rate

482 Atkins Ave
Brooklyn, NY 11208


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Apartment Building In Brooklyn For Sale!!!
  • The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High Ceilings, Strong R5 Zoning, (1) 1 Br. Apts., (1) 2 Br. Apt., +++!!!
  • The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!!
  • Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L.A. Fitness, Sunoco, Dollar Tree, Wendy’s, Subway, +++!!!
  • This Property Offers HUGE Upside Potential!!!
  • This Building Can Be Bought In Addition To 989 Hegeman Avenue For Only $2.525m!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Apartment Building In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High Ceilings, Strong R5 Zoning, (2) 1 Br. Apts., (1) 3 Br. Apt., Basement, LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!! Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L.A. Fitness, Sunoco, Dollar Tree, Wendy’s, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Building Can Be Bought In Addition To 989 Hegeman Avenue For Only $2.474m!!! Income: Unit 1 (3 Br., 1 Bath): $39,600 Ann. M-M. Unit 2R (1 Br., 1 Bath): $18,000 Ann. M-M. Unit 2F (1 Br., 1 Bath): $18,000 Ann. M-M. LL: $22,000 Ann. (Available) Total Gross Rent: $87,600 Ann. Expenses: Gas: $2,580 Ann. (Heating Only) Electric: $720 Ann. (Hallway Only) Maintenance & Repairs: $250 Ann. Insurance: $2,856 Ann. Water & Sewer: $863 Ann. Trash: $0 Ann. Taxes: $4,919.64 Ann. Total Expenses: $11,688.64 Ann. Gross Income: $87,600 Ann. Pro Forma Net Operating Income (NOI): $75,911.36 Ann. (8.68 Cap!!!)

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

3

PRICE/UNIT

$291,667

CAP RATE

8.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1899

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

R5

APN/PARCEL ID

04454-0039

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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