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Brooklyn Milford Street Solid BRICK semi attached legal 4 family

$1,400,000

321 Milford St, Brooklyn, New York 11208

Active
Last Updated: 10/22/2024

0.06

Cap Rate

88,609

NOI

Details:
Cap Rate:    0.06%
NOI:    $88,609
Lot Area:    3,600 acres
Year Built:    1925
Zoning:    R5
Floors:    2
Floor:    Carpeting, Hardwood, Laminate
Baths:    4
Beds:    10
GrossIncome:    $10,639,300
Investment Strategy:    Opportunistic
Highlights:
  • Building Amenities: Secure Lobby, Storage rooms
  • Building Footprint SQFT: 1872
  • Building Type: Semi-Detached
  • Lot Area: 3600
Description:

Brooklyn Milford Street Solid BRICK semi attached legal 4 family with 2 three bedroom & 2 Two bedroom apartment with huge living room & open plan modern kitchen! All new plumbing, gas line & electric in entire building! New gas boiler with 75 gallon hot water tank & new rubberize roof! 3,184 sq ft living space Building size 26 wide & 72 deep! High ceiling & Full basement high ceiling with ceramic tiles, lots of windows & 2 entrances! On 36 x 100 lot with private drive R5 zoning. 1,332 unused FAR! Low taxes- All market value tenant with high CAP rate! Near A & C train & all buses, shopping plus more! Nothing to do but close & collect rent! ;Income $100,968-year; Expense-$12,359;NOI-$88,609; CAP6.564%

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