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
30 years
10 years
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
View on Map
Address
366 368 Leonard Street
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.