9% CAP - 728 Franklin Avenue - Eastern Parkway/Franklin, Crown Heights
FOR SALE
$4,995,000
728 Franklin Avenue, Brooklyn, NY 11238
7.07%
CAP
Property Description
NOI
$353,000
Cap Rate
7.07%
- 7.1% cap in place, 9% cap+ proforma
- Strong location of Franklin just North of Eastern Parkway
- 1 block to 2,3,4,5 Trains
- Renovated Asset
Property Details
Asset Type
MultiFamily
Neighborhood
Crown Heights
Submarket
Brooklyn
ZIP
11238
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$560,035
Debt Service Coverage Ratio (DSCR)
1.97x
Cap Rate
11.21%
Cash Flow (Annual)
$275,888
Cash-on-Cash Return
22.09%
Monthly Debt Service
$23,679
Annual Debt Service
$284,146
View on Map
Address
728 Franklin Avenue
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
