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FOR SALE
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$14,950,000

366 368 Leonard Street, Brooklyn, NY 11211

18,200 SF

Square Feet

$821

PPSF

20

Units

700.0K

PPU

Property Description

Units

20 — PPU: 700.0K

Avison Young is pleased to present an opportunity to acquire 366 & 368 Leonard Street (the “Properties”), two exquisite side by side 4-story new construction multifamily buildings with a combine 50’ of frontage located on the east side of Leonard Street between Meeker Avenue and Withers Street in Williamsburg, Brooklyn. The combined properties consist of twenty (20) Free Market residential units. Units include washer/dryer in-unit, split systems for heating and cooling, stainless steel appliances and other high end finishes throughout. The building’s amenity package also includes an expansive shared private roof deck along with a gated dog run in the rear of the property. The two buildings are each 10 units and carry a tax class 2B designation.

Property Details

Asset Type

MultiFamily

Neighborhood

East Williamsburg

Submarket

Brooklyn

ZIP

11211

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$850,448

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$70,871

Annual Debt Service

$850,448

On the Map

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$14,950,000

$821/SF

MultiFamily

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Property Record

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Frederick (Fritz) Richter

Frederick (Fritz) Richter

Associate Director

36 closed

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Patrick Madigan

Patrick Madigan

Vice President

23 closed

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Joseph (Joe) Moran

Joseph (Joe) Moran

Associate

36 closed

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Send a Message

Frederick (Fritz) Richter

Frederick (Fritz) Richter

Associate Director

36 closed

Call
Patrick Madigan

Patrick Madigan

Vice President

23 closed

Call
Joseph (Joe) Moran

Joseph (Joe) Moran

Associate

36 closed

Call