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179 Milford St
Brooklyn, NY 11208

15 Unit Multi Family All Free Market · Multifamily Property For Sale · 15 Units

Investment Highlights

  • In Close proximity to the A and C Lines
  • Free Market Apartments

Executive Summary

177 &179-181 Milford St Brooklyn, NY 11208
EXCELLENT TWO PROPERTIES IN THE THE HEART OF BROOKLYN NY CURRENT RENT ROLL NO LESS THAN $285,000 ANNUALLY
The subject properties includes the sale of 2 buildings next to each other located on 177 &179-181 Milford St. The building on 177 Milford Street includes 4 fully Renovated 2 bedroom apartments and 179-181 Milford Street includes 11 Free Market 2 bedroom Apartments
THE 4 FAMILY WAS RECENTLY FULLY RENOVATED FROM A-Z.
177 Milford St Brooklyn NY:
20x84 2 story building on a 20x100 lot zoned R5B. Built in 1925. Currently 3360 square feet classified as "four families". 4 total units. Fully renovated
179 - 181 Milford St Brooklyn NY
35x85 3 story building on a 40x100 lot zoned R5B. Built in 1930. Currently 8925 square feet classified as "over six families without stores". 11 total units. Good condition Year built 1930
This is how each brand new unit is in the 4 family on 177 milford street this building paying $6,637 monthly fully brand new A-Z renovated.
This is how each unit is at 179-181 Milford Street, huge 2 bedrooms each, in good condition, paying total of $17,189 a month
It’s free market according to DHCR Market value to rent a 2 bedroom apartment in this area is about $2,300.These buildings have great upside potential once the rents are raised to the actual market value.
Property is conveniently located between Pitkin Ave and Glenmore Ave. Off Liberty Ave and Conduit Blvd.
Close to School PS-89K
Closest station Shepherd Ave & Pitkin Ave at NE Corner
Station lines A-C
Distance (miles) 0.21

Projected Gross income: $414,000

PROPERTY FACTS

Price Per Unit $408,070 CAD
Sale Type Investment
Cap Rate 9.60%
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.09 AC
Building Size 8,925 SF
No. Stories 4
Year Built 1930

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 15 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04208-0007
Land Assessment
$75,754 CAD
Improvements Assessment
$334,580 CAD
Total Assessment
$410,334 CAD

zoning

Zoning Code R5B
R5B
  • Listing ID: 21919260

  • Date on Market: 2021-01-07

  • Last Updated:

  • Address: 179 Milford St, Brooklyn, NY 11208

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