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Central Brooklyn Workforce Housing
Brooklyn, NY East New York

$7,525,000 USD

Multifamily For Sale  •  81,772 SF

8 Properties View all

Property Details

  • Property Type Multifamily
100 Transit Score
100 Walk Score

Highlights

8 Mixed-Use and Multifamily Buildings in Central Brooklyn
Comprised of 83 Residential and 5 Retail Units
Buyer Required to Assume HPD Financing and Regulatory Agreements | Potential for Individual Entity Sales
Asking: $7,525,000 | Blended $92/SF and $85,511/Unit
5.7x GRM - 9.5% Cap Rate / Low interest rate debt available for assumption worth $1.3 million of intrinsic value based upon today's rates
Assumable Financing at 76% LTV | 23.4% Cash-on-Cash Return with Attractive blended 3.26% Interest Rate

Public Transportation

Commuter RailDriveWalkDistance
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 - 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) 13 min - 4.1 mi
Transit/SubwayDriveWalkDistance
Van Siclen Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 1 min 5 min 0.2 mi
Van Siclen Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 6 min 0.3 mi
Pennsylvania Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
New Lots Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 3 min 10 min 0.5 mi
Liberty Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 13 min 0.7 mi
AirportDriveWalkDistance
John F Kennedy International 15 min - 7.5 mi
LaGuardia 23 min - 11.7 mi
Newark Liberty International 39 min - 19.9 mi
Shaun Riney 718-475-4382 Marcus & Millichap
Shaun Riney 718-475-4382 Marcus & Millichap