96 STARR STREET

For Sale - Brooklyn - Bushwick

$1,850,000

Net Operating Income: $101,103

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Key Details

Property Type
MultiFamily
Neighborhood
Bushwick
Property Dimensions
25.0 x 58.0
Property Area
4,350 sq.ft.
Total Units:
6
Stories:
3
NOI
$101,103
Price
$1,850,000
Price Per Unit
$308,333
Cap Rate
5.5%

Listing Description

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 96 Starr Street, a renovated walk-up building in the Bushwick neighborhood of Brooklyn.

• 96 Starr Street is a 25 x 58 six family, consisting of 4 350 SF across three stories. There is roughly 1 150 SF in additional air rights.
• The property underwent a full renovation of the market units, common areas, mechanicals, and roof, offering an easy to manage investment.
• There are four free-market units and two rent-stabilized units. The stabilized units rent at $8 per SF, representing a significant upside in rents over time.
• The property is located just off Knickerbocker Avenue, one block from Maria Hernandez Park, offering some of the best retail options in the area.

Property Details

Block/Lot:
3197/21
Lot Dimensions
25.0 x 100.0
Lot Area
2,500 sq.ft
Zoning:
R6
FAR as Built:
1.74
Max FAR:
4.8
D.J. JohnstonB6 Real Estate Advisors
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Sales & Transactions

AddressSale PriceSale DateProperty Type
78 DESALES PLACE$1,442,00007/25/2018MultiFamily
253 WEIRFIELD STREET$1,700,00007/20/2018MultiFamily
1140 GREENE AVENUE$300,00007/19/2018MultiFamily
1324 JEFFERSON AVENUE$1,600,00007/12/2018MultiFamily
697C EVERGREEN AVENUE$660,00007/09/2018MultiFamily
77 WEIRFIELD STREET$2,900,00007/09/2018MultiFamily
66 GRANITE STREET$1,200,00007/05/2018MultiFamily
157 CORNELIA STREET$1,210,00006/21/2018MultiFamily
1345 JEFFERSON AVENUE$1,775,00006/19/2018MultiFamily
1043 JEFFERSON AVENUE$1,050,00006/18/2018MultiFamily