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57 Troutman St
Brooklyn, NY 11206 Bushwick

$1,395,000 USD

Apartments For Sale  •  6,375 SF

Property Details

• Property Type Apartments
• Total Building Size 6,375 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1931
• Cap Rate 7.97 %
• Zoning R6

98 Transit Score

97 Walk Score

Highlights

25’ x 85' brick 6-family, extremely well located in North Bushwick.

Three of the six units are renovated, free market (50%), and under-leased, currently averaging $37/SF vs what should be $45-50+/SF.

This will trade for only $215 per SF and a 7% Cap in place.

Protected tax class 2A

Download linked OM which contains current and projected rent rolls.

Cap Rate:

7.97 %

Major Tenants

Tenant	SF Occupied	Lease End Date
57 Troutman Street LLC

Amenities

• 24 Hour Access
• Air Conditioning
• Heating
• Ceiling Fans
• Hardwood Floors
• High Speed Internet Access

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)	8 min	-	2.4 mi
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)	6 min	-	2.6 mi
Transit/Subway	Drive	Walk	Distance
Myrtle Avenue (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
Central Avenue (M - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
Kosciuszko Street (J - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Flushing Avenue (J,M Line) (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
Morgan Avenue (L - New York MTA Subway (The Subway))	4 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	17 min	-	8.1 mi
John F Kennedy International	21 min	-	11.9 mi
Newark Liberty International	30 min	-	16.5 mi