Multifamily Property Listed at 352 Palmetto Street Brooklyn
$3,295,000
352 Palmetto Street, Brooklyn, NY 11237
4,500 SF
Square Feet
$732
PPSF
6.97%
CAP
Property Description
NOI
$229,500
Cap Rate
6.97%
The New York Multifamily team is pleased to offer 352 Palmetto St, a 6-unit Multifamily Property at Bushwick neighborhood for $3,400,000.
- Free-Market 6-Unit Multifamily Building Spanning 4,500 Gross SF on a 25.17' x 100' Lot
- Condo Quality Apartment Finishes and Amenities | HRV Deregulation in Early 2000's | Recently Gut-Renovated
- Prime Bushwick Location | L&M Train Access at Myrtle-Wyckoff Transit Hub
- Extensive Diligence Backup Available
Property Details
Asset Type
MultiFamily
Year Built
1931
Zoning
R6
Lot Size
2,517 SF
Neighborhood
Bushwick
Submarket
Brooklyn
ZIP
11237
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$364,102
Debt Service Coverage Ratio (DSCR)
1.94x
Cap Rate
11.05%
Cash Flow (Annual)
$176,662
Cash-on-Cash Return
21.45%
Monthly Debt Service
$15,620
Annual Debt Service
$187,440
View on Map
Address
352 Palmetto Street
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.
