Bushwick Multifamily Investment
297 Troutman St Brooklyn, NY 11237
297 Troutman St, Brooklyn, NY, 11237
$3,700,000
For Sale
$3,700,000
Fully occupied 8-unit building in prime Bushwick location.
Property Size6,500 SF
Lot Size0.06 Acres
Price / SF$569.23
Days on Market106
Property Features for 297 Troutman St
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multifamily
Listing Agency
New York City Office
(718) 475-4369
Listed by
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source
Marcusmillichap
Added: Apr 3 Checked: Jul 10 at 1:15 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New York City Office
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a fully occupied, free-market 8-unit multifamily building located in Bushwick, Brooklyn. The property has 6,500 square feet and features spacious box-layout apartments. It benefits from strong in-place cash flow with additional upside through rent growth to market levels. The building is situated on a 25’ x 100’ lot.
Key Highlights
- Fully occupied, free‑market 8‑unit multifamily building offering strong in‑place cash flow.
- Located in the heart of Bushwick, Brooklyn.
- Additional upside through rent growth to market levels.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $368.2k | $56.64 |
| − Vacancy | −$7.4k | −$1.13 |
| EGI | $360.8k | $55.51 |
| − OpEx | −$162.4k | −$24.98 |
| NOI | $198.4k | $30.53 |
6,500 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.48M – $3.31M
NOI $198,438 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.38M
$4.71M – $6.28M
NOI $376,740 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied 8-unit building in prime Bushwick location.
Where is this apartment building located?
The property is located at 297 Troutman St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Fully occupied, free‑market 8‑unit multifamily building offering strong in‑place cash flow.; Located in the heart of Bushwick, Brooklyn.; Additional upside through rent growth to market levels.
