Legion St Portfolio

361, 365, 367 Legion Street, Brooklyn, NY

   SOLD!   

$3,500,000

Price

6.6%

Cap Rate

$231,007

NOI

Overview
Cap Rate
6.6%
NOI
$231,007
Building Size
9,594 sqft
Lot Area
7,900 sqft
Units
12
GRM
11.37
Year Built
1930
Price Per Sqft
$364.81
Price Per Unit
$291,667
Zoning
R6,C1-3
Description

361-367 Legion Street is a 3 building portfolio in the Brownsville section of Brooklyn. The portfolio is comprised of 12 units across 9594 SF with an additional 7,786 sf of buildable air rights for future development. The Portfolio has gone through many upgrades and is very well maintained. The Building has very stable income with a mix of program tenants and free market tenants all paying market rents.

Location Overview: Brownsville is a residential neighborhood located in eastern Brooklyn in New York City. The neighborhood is generally bordered by Crown Heights to the northwest; Bedford–Stuyvesant and Cypress Hills to the north; East New York to the east; Canarsie to the south; and East Flatbush to the west The closest transportation is the Saratoga 2,3,and 4 trains only a 4 minute walk away.

Documents
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Location
Gallery