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370 Rutland Rd Brooklyn, NY 11225

For Sale
$3,750,000

Two buildings with eight units, high income potential.

Lot size:
0.09 Acres

Property Features for 370 Rutland Rd

General Information

Lot size
0.09 Acres

Building Details

Year built
1961

Source: Cordial Realty Group Inc Agent Payam Sassouness

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Building in Brooklyn

This property features two four-family buildings, each with its own deed and building number, effectively creating a free-market eight-family building. The property consists of eight units in total. Each building contains three two-bedroom apartments and one one-bedroom apartment. All apartments are equipped with in-unit washer and dryer. The property generates a gross annual income of $270,000 and a net operating income of $210,000.
Location Intelligence

Current Use by Public Records

370 Rutland Road, ... Lodging

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.948484
Latitude
40.659298

FAQs

What type of property is this?
Apartment building - Two buildings with eight units, high income potential.
Where is this apartment building located?
The property is located at 370 Rutland Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: - High Net Operating Income (NOI) of $210,000; - Gross Annual Income of $270,000; - Free Market 8-Family Building (2 four-family buildings with separate deeds)
More about this property
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