5.2% Cap Rate | 8 Units | Mixed Use

For Sale - 962 MYRTLE AVENUE- Brooklyn - Bedford-Stuyvesant / Bed Stuy

$3,550,000

Net Operating Income: $184,232

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Key Details

Property Type
Mixed Use
Neighborhood
Bedford-Stuyvesant / Bed Stuy
Property Dimensions
25.0 x 60.0
Property Area
6,000 sq.ft.
Total Units:
7
Stories:
4
NOI
$184,232
Price
$3,550,000
Price Per Unit
$507,142
Cap Rate
5.2%

Listing Description

962 Myrtle Avenue is a four story building located in the thriving Bedford Stuyvesant neighborhood in Brooklyn, NY.

It consists of 8 units, 1 commercial space plus 7 residential units.

The commercial space has been rented for $30,000.

The residential units are all spacious with large bedrooms and living areas.

The total gross income comes to $191,145.

The property benefits from extremely low taxes and very minimal expenses.

The building is in close proximity to public transportation, restaurants, cafes, and shops.

Property Details

Block/Lot:
1757/12
Lot Dimensions
25.0 x 100.0
Lot Area
2,500 sq.ft
Zoning:
R7D
FAR as Built:
2.4
Max FAR:
4.2
Joe GoldbergGolden Star Realty Group Inc.
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