366 Manhattan Ave 8 Unit Apartment Building $8,993,562 CAD ($1,124,195 CAD/Unit) 5.44% Cap Rate Brooklyn, NY 11211
EXECUTIVE SUMMARY
366-366A Manhattan Avenue are pre-war residential buildings located in Williamsburg, Brooklyn, built in 1928. 366-366A Manhattan Avenue are two four-story buildings with four residential units, offering spacious apartments with modern amenities.
Apartments in 366-366A typically feature four bedrooms and two full bathrooms, with large bedrooms that can accommodate queensized beds. Units include stainless steel kitchen appliances, a gas range, in-unit washer and dryer, hardwood floors, high ceilings, recessed lighting, and multiple windows for abundant natural light.
The buildings are situated in a prime location, just steps from the Graham Avenue L train station and a short walk to the Lorimer Street G/L subway lines. Public transportation is easily accessible, including nearby Citibike stations and multiple bus routes. The neighborhood is vibrant, offering a variety of dining, shopping, and entertainment options such as Bernie’s, Bar Beau, Settebello Pizzabar, and Lorimer Market.
Overall, 366-366A Manhattan Avenue provide a blend of classic Brooklyn architecture with modern living conveniences in one of Williamsburg’s most desirable areas.
Apartments in 366-366A typically feature four bedrooms and two full bathrooms, with large bedrooms that can accommodate queensized beds. Units include stainless steel kitchen appliances, a gas range, in-unit washer and dryer, hardwood floors, high ceilings, recessed lighting, and multiple windows for abundant natural light.
The buildings are situated in a prime location, just steps from the Graham Avenue L train station and a short walk to the Lorimer Street G/L subway lines. Public transportation is easily accessible, including nearby Citibike stations and multiple bus routes. The neighborhood is vibrant, offering a variety of dining, shopping, and entertainment options such as Bernie’s, Bar Beau, Settebello Pizzabar, and Lorimer Market.
Overall, 366-366A Manhattan Avenue provide a blend of classic Brooklyn architecture with modern living conveniences in one of Williamsburg’s most desirable areas.
PROPERTY FACTS
| Price | $8,993,562 CAD |
| Price Per Unit | $1,124,195 CAD |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 14.49 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 7,693 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1928/2017 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 4+2 | 7 | - | - |
1 of 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (99)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 02744-0001 | Improvements Assessment | $825,134 CAD |
| Land Assessment | $164,768 CAD | Total Assessment | $989,903 CAD |
ZONING
| Zoning Code | R6B |
CONTACTS
-
Donal Flaherty -
Derek Bestreich -
Luke Sproviero -
Corey Haynes -
Thomas Ventura -
Investment Property Realty Group
