Prime Location | Owner-User Potential | Protected Tax Class | Low Basis

155 Evergreen Avenue, Brooklyn, NY

$1,050,000

Price

6.36%

Cap Rate

$66,782

NOI

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Street
Map
Overview
Cap Rate
6.36%
NOI
$66,782
Building Size
3,900 sqft
Lot Area
2,500 sqft
Units
6
Price Per Sqft
$269
Price Per Unit
$175,000
Zoning
R6
Floors
3
Highlights
  • 25’ x 52’ totaling ±3,900 SF across three stories with six 2BR apartments
  • The building has four rent-stabilized units and two renovated units
  • Tax Class 2A, the building is protected from substantial tax increases
  • 1L & 1R are fully renovated with high-end finishes and access to rear yard
  • Four blocks to the J M Z trains providing convenient access to Williamsburg and Manhattan within 10-15 minutes
  • Short walk to Maria Hernandez Park, and major retail corridors along Central and Knickerbocker Avenues
Documents
Title
Offering Memorandum
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Location
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