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2838 W 19th St

4 Unit Apartment Building $2,151,105 CAD ($537,776 CAD/Unit) 6.95% Cap Rate Brooklyn, NY 11224

Investment Highlights

  • Newly Renovated
  • Vacant

Executive Summary

Renovated Vacant 4 Unit Multifamily in Coney Island located on West 19th Street between Neptune & Mermaid Ave walking distance to the board walk and N/W subways. Each Unit is individually metered for Electric and Gas, making each tenant responsible for AC, Heat, and Cooking Gas. The units compromise of (3) three bedrooms & one bathroom and (1) two bedrooms & 1 bathroom. The rear first floor three bedroom has backyard access, front second floor three bedroom has a balcony. Each unit has been gut renovated with stainless steel appliances, quarts countertops, white wood cabinets, and floor tiles in the kitchen. Each bathroom has brand new vanities and tiles. Laundry is in the basement. Great Investment opportunity, please contact Richard of Citadel Realty for more information.

Property Facts

Price $2,151,105 CAD
Price Per Unit $537,776 CAD
Sale Type Investment
Cap Rate 6.95%
Gross Rent Multiplier 11.2
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.06 AC
Building Size 2,800 SF
No. Stories 2
Year Built 1901
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 4 - -
Walk Score ®
Very Walkable (87)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07019-0026
Land Assessment
$74,074 CAD
Improvements Assessment
$266,405 CAD
Total Assessment
$340,479 CAD

zoning

Zoning Code R5, Brooklyn (C3)
R5, Brooklyn (C3)
  • Listing ID: 34011463

  • Date on Market: 2024-11-26

  • Last Updated:

  • Address: 2838 W 19th St, Brooklyn, NY 11224

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