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351 Riverdale Ave
Brooklyn, NY 11212 Brownsville

$1,950,000 USD

Apartments For Sale  •  14,172 SF

Property Details

• Property Type Apartments
• Total Building Size 14,172 SF
• Lot Size 0.11 AC
• Building Class B
• Year Built 1930
• Cap Rate 8.20 %
• Tenancy Multiple
• Zoning R6

100 Transit Score

83 Walk Score

Highlights

Cash-flowing mixed-use building with 18 apartments and 2 retail spaces in Brooklyn.

Priced at $1,950,000, just $97K per unit and a 5.21X GRM based on current rent roll.

8.20% cap rate and $159,871 NOI with 14,172 SF of gross building area.

Corner exposure provides 80+ windows for excellent light and air in all units.

One block from the Saratoga Avenue 3-train, offering 30-40 minute access to Manhattan.

Retail includes a fully leased bodega/hookah shop and one vacant unit for upside.

Cap Rate:

8.20 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	4 min	-	1.9 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)	10 min	-	3.2 mi
Transit/Subway	Drive	Walk	Distance
Saratoga Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	0 min	2 min	0.1 mi
Rockaway Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Sutter Avenue-Rutland Road (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	2 min	11 min	0.5 mi
Junius Street (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway))	3 min	16 min	0.8 mi
Livonia Avenue (L - New York MTA Subway (The Subway))	5 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
John F Kennedy International	17 min	-	9.4 mi
LaGuardia	25 min	-	12.9 mi
Newark Liberty International	38 min	-	19.6 mi