For Sale | 382 Kosciuszko Street
$1,950,000
382 Kosciuszko Street, Brooklyn, NY 11221
For Sale
Multifamily
Unknown Sub Type
Active
Last Updated: 11/06/2024
6.17
Cap Rate
120,279
NOI
Details:
Cap Rate: 6.17%
NOI: $120,279
Building Size: 2,858 sqft
Zoning: R6B
Highlights:
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Available Air Rights: There are roughly 1,150 SF of unused air rights for future expansion, development, or disposition.
- Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years
- Transportation Accessibility: Within 6-8 blocks from J, M, Z trains at Myrtle Ave and Kosciuszko Street, as well as G train at Bedford/Nostrand stop.
- Highly Efficient: Manageably sized units attract student and professionals alike, while keeping operating costs low.
- Low Maintenance: Building has been fully renovated and maintained, with no need for short term capital improvements.
Documents:
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Offering Memorandum
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