1463 East 3rd Street, Brooklyn, New York 11230
4 Story 31-Unit Multifamily PreWar Walk-up Apartment Building
Map Content
Location Description
Blocks away from the City line
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Property Description
Subject Property is a Four-story Mid-Rise Masonry PreWar Walk-up Apartment Building with 31 Apartments consisting of twenty-three (23) 1 Bedrooms, seven (7) 2 Bedrooms & one (1) 3 Bedroom Residential Apartments. 102 Rooms Total. Building Gross total floor area of 22,600 Square feet. The property was built in 1927 and is located in the Midwood/Flatbush Section of Brooklyn.
Property Details
| Price: | 5250000 |
| No. Units: | 31 |
| Building Size: | 8000 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Multi-Family |
| Property Sub-type: | Garden/Low-Rise |
| Property Use Type: | Investment |
| Cap Rate: | 5.97% |
| Gross Rent Multiplier: | 9.427727935525116 |
| Occupancy: | 100% |
| No. Stories: | 4 |
| Year Built: | 1927 |
| Lot Size: | 8000 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
| 1 Bedroom 1 Bathroom | 23 | |
| 2 Bedroom 1 Bathroom | 7 | |
| 3 Bedroom 1 Bathroom | 1 | |
Financial Summary
| Scheduled Gross Income | $556868 |
| Effective Gross Income | $556868 |
| Operating Expenses | $243963 |
| Net Operating Income | $312905 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |