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The Wyckoff Avenue Assemblage / 287 Wyckoff Avenue Listed by Brokers

The Wyckoff Avenue Assemblage / 287 Wyckoff Avenue Listed by Brokers
FOR SALE
View more

$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.

Contact the Listing Team

Michael (Mike) Salvatico

Michael (Mike) Salvatico

Real Estate Broker

184 closed

Call
Shaun Riney
Verified Badge

Shaun Riney

Senior Managing Director of Investments

378 closed

Call
Vincent Tomaselli

Vincent Tomaselli

Commercial Real Estate Agent

6 closed

Call

Send a Message

Michael (Mike) Salvatico

Michael (Mike) Salvatico

Real Estate Broker

184 closed

Call
Shaun Riney
Verified Badge

Shaun Riney

Senior Managing Director of Investments

378 closed

Call
Vincent Tomaselli

Vincent Tomaselli

Commercial Real Estate Agent

6 closed

Call