518 Meeker Ave
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518 Meeker Ave
10 Unit Apartment Building $5,713,675 CAD ($571,367 CAD/Unit) Brooklyn, NY 11222
INVESTMENT HIGHLIGHTS
- This property is near McCarren Park
EXECUTIVE SUMMARY
Delivered 90% Vacant. Elevator building will be delivered 90% vacant excluding unit 4A. If rented, rents will reflect the legal rents of 2023 and be subject to yearly RGB increases of 2.75%.
Attractive Basis & Potential Condo Play. The asset is being offered at $408 PSF and is positioned for a condo conversion. Sell out prices in the neighborhood average $1,100 PSF.
Attractive Basis & Potential Condo Play. The asset is being offered at $408 PSF and is positioned for a condo conversion. Sell out prices in the neighborhood average $1,100 PSF.
PROPERTY FACTS
| Price | $5,713,675 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $571,367 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Sale Condition | Redevelopment Project | Building Size | 9,682 SF |
| No. Units | 10 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2005 |
| Price | $5,713,675 CAD |
| Price Per Unit | $571,367 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 9,682 SF |
| Average Occupancy | 0% |
| No. Stories | 6 |
| Year Built | 2005 |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Intercom
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Security System
- Storage Space
- Elevator
- Public Transportation
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (86)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 02827-0131 | Improvements Assessment | $1,711,096 CAD |
| Land Assessment | $57,441 CAD | Total Assessment | $1,768,537 CAD |
PROPERTY TAXES
Parcel Number
02827-0131
Land Assessment
$57,441 CAD
Improvements Assessment
$1,711,096 CAD
Total Assessment
$1,768,537 CAD
ZONING
| Zoning Code | R6 (R6 - Medium density residential district) |
| R6 (R6 - Medium density residential district) |
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518 Meeker Ave
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