MultiFamily Property in South Slope at 344 21st Street
$1,999,000
344 21st Street, Brooklyn, NY 11215
5,884 SF
Square Feet
$340
PPSF
Property Description
IN THE HEART OF SOUTH SLOPE/GREENWOOD HEIGHTS IS WHERE YOU'LL FIND THIS INCREDIBLE INVESTMENT OPPORTUNITY- AN EXTRA-LARGE(25x65 BLDG SIZE-5885 SQFT) 8 FAMILY SOLID BRICK BUILDING ON A 25x100 LOT SIZE WITH TWO FREE MARKET UNITS(ALL TWO BEDROOM APARTMENTS)... IDEALLY SITUATED AND SURROUNDED BY ALL THE MOST ESSENTIAL & EXCITING AMENITIES OF ONE OF BROOKLYN'S MOST DESIRABLE NEIGHBORHOODS... THIS BEAUTIFUL BUILDING IS IN EXCELLENT WELL-MAINATINED CONDITION WITH UPGRADES DONE TO ROOF, ELECTRIC, BOILER & WINDOWS... THIS PROPERTY GENERATES STRONG RENTAL INCOME OF APPROX $150,000/YEAR, WITH SIGNIFICANT UPSIDE POTENTIAL- THIS PRIZED PIECE OF REAL ESTATE IS A CAN'T MISS FOR ALL SAVVY INVESTORS...
Property Details
Asset Type
MultiFamily
Year Built
1931
Zoning
R6B
Lot Size
2,504 SF
Neighborhood
Greenwood Heights
Submarket
Brooklyn
ZIP
11215
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$113,715
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$9,476
Annual Debt Service
$113,715
View on Map
Address
344 21st Street
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
