7% cap rate. Featured for sale is a 6 unit, 5 family package located in the heart of East New York. Features 5 residential units all free market rents, 3 of which are 4 room, 2 bedroom units, 2 are 3 room one bedroom units, in addition to a retail deli unit. It has great curb appeal. Heat is paid by the landlord but, there are individual gas and electric meters for each apartment and store. Rents are under market with plenty room for upside. Store leased till 7/31/2024 5% annual increases.
Off market
$1,070,900
690 Linwood St #1, Brooklyn, NY 11208
8beds
3,500sqft
MultiFamily
Built in 1915
-- sqft lot
$1,070,900 Zestimate®
$306/sqft
$2,788 Estimated rent