297 Troutman St, Brooklyn, NY 11237
Fully occupied 8-unit building in prime Bushwick location.
- Added:
- Apr 3, 2026
- Days on Market:
- 70
- Last Refresh:
- Apr 3 at 5:11 am
Property Features for 297 Troutman St
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multifamily
Listing agent Shaun Riney License #NY: 10491208207 (718) 475-4369
Listing office New York City Office (718) 475-4369
Listing date Apr 3, 2026
Source Marcusmillichap
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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.
- 6,500 square foot property.
- Features spacious box‑layout apartments.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.925621
- Latitude
- 40.704114
