Multifamily | Fully Free-Market | FOR SALE
$2,600,000
481 Chauncey Street, Brooklyn, NY 11233
For Sale
Multifamily
Active
Last Updated: 11/04/2024
6.91
Cap Rate
179,788
NOI
Details:
Cap Rate: 6.91%
NOI: $179,788
Building Size: 5,537 sqft
Zoning: R6
Highlights:
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement
- Tree-Lined Block: Located on a quiet residential block, lined with cypress and elm trees
- Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years
- Transportation Accessibility: 2 blocks to Chauncey Street J & Z trains, 7 blocks to Bushwick Averdeen L-train, 5 blocks to Rockaway Avenue C-train
- Efficient Layouts: Large air shaft provides spacious and bright unit layouts
- Low Maintenance: Building was fully renovated in 2017 and has been meticulously maintained since, with no need for short term capital improvements
Documents:
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Offering Memorandum
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Location
Gallery
