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222 Monroe St
Brooklyn, NY 11216 Bedford-Stuyvesant

$3,000,000 USD

Apartments For Sale  •  4,800 SF

Property Details

• Property Type Apartments
• Total Building Size 4,800 SF
• Lot Size 0.04 AC
• Building Class B
• Year Built 1905
• Cap Rate 6.46 %
• Zoning R6A

100 Transit Score

94 Walk Score

Highlights

Fully Free Market: following substantial rehabilitation completed in 2017, with an approved Order and Determination

Cashflow + Upside: Currently grossing $250K+ per year, with upside ready to be unlocked as apartments renew or are re-leased at market rate

High End Finishes: Fully renovated with high end finishes, separate utilities, individual heating and cooling (split units), recessed lighting, etc

Owner-User Opportunity: building/neighborhood/architecture lend well to an owner/user/investor living in one or more of the units + rental income

Neighborhood Amenities: Key Foods supermarket is directly across the street, countless other retail and dining options along neighboring Nostrand Ave

Protected Tax Class: 2B tax class limits tax increases to no more than 8% a year or 30% over 5 years.

Property Flyers

222 MONROE ST, BROOKYLN NY- OM

Cap Rate:

6.46 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	2 min	11 min	0.6 mi
	6 min	-	1.9 mi
Transit/Subway	Drive	Walk	Distance
Nostrand Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Bedford-Nostrand Avenues (G - New York MTA Subway (The Subway))	2 min	9 min	0.4 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	2 min	11 min	0.6 mi
Franklin Avenue (A,C,S Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), Franklin Avenue Shuttle - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Kingston-Throop Avenues (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	20 min	-	9.4 mi
John F Kennedy International	25 min	-	11.6 mi
Newark Liberty International	30 min	-	16.5 mi