The Wyckoff Avenue Assemblage / 287 Wyckoff Avenue Listed by Brokers
$9,850,000
287 Wyckoff Avenue, Brooklyn, NY 11237
17,325 SF
Square Feet
$569
PPSF
22
Units
400.0K
PPU
6.50%
CAP
Property Description
Units
22 — PPU: 400.0K
NOI
$640,250
Cap Rate
6.50%
287 Wyckoff Avenue:
• Mixed-Use Building Spanning 4,050 SF Above Grade
• 4 Apartments over Retail - Dentist's Office | New CO Issued in 2018
• Four Flex/Office 3-Bedroom Apartments with 1 Bath | Condo Quality Finishes Throughout
• Separate Utilities for Retail and Residential Tenants | Split Heating and Cooling
• Condo Quality Finishes Throughout
• Tax Class 2A - $19,541 Annual Tax Bill
291 Wyckoff Avenue:
• 6-Unit Multifamily Building Spanning 4,350 SF Above Grade
• 2 Free-Market Units and 4 Rent Stabilized Units
• High-End Renovations in FM Units | Extensive IAI Paperwork Backup Available
• Approaching Settlement with Tenant in 1L | To Be Delivered Vacant or Re-Leased at Market Rent
• Tax Class 2A - $15,420 Annual Tax Bill
293 Wyckoff Avenue:
• Mixed-Use Building Spanning 4,275 SF Above Grade
• Legal I-Card for 4 Apartments over 2 Retail Spaces
• Four Railroad Layout 2-Bedroom Apartments Spanning 625+ Net SF
• High-End Apartment Renovations from 2016-2017
• Tax Class 2A - $11,838 Annual Tax Bill
295 Wyckoff Avenue:
• Mixed-Use Building Spanning 4,650 SF Above Grade
• 4 Apartments over Vented Restaurant Space with Backyard - Taqueria | Legal CO from 1935
• Four Flex/Office 3-Bedroom Apartments with 1 Bath | Condo Quality Finishes Throughout
• Separate Utilities for Retail and Residential Tenants | Split Heating and Cooling
• Tax Class 2A - $22,293 Annual Tax Bill
Property Details
Asset Type
MultiFamily
Year Built
1931
Zoning
R6, C1-3
Neighborhood
Bushwick
Submarket
Brooklyn
ZIP
11237
Listing Type
sale
Net Operating Income (NOI)
$1,015,757
Debt Service Coverage Ratio (DSCR)
1.81x
Cap Rate
10.31%
Cash Flow (Annual)
$455,429
Cash-on-Cash Return
18.49%
Monthly Debt Service
$46,694
Annual Debt Service
$560,328
View on Map
Address
287 Wyckoff Avenue
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.