240 Schenectady Ave Brooklyn, NY 11213-3870
- Apartment buildings
- 6,006 SF
- 0.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 240 Schenectady Ave
- Year built
- 1907
- Lot size
- 0.06 lot acres
- Property size
- 6,006 SF
- Zone code
- R6
- Property type
- Apartment buildings
- APN
- 01377-0035
- APU
- 13770035
Description
This exceptional three-story walk-up apartment building, located at 240 Schenectady Avenue in Brooklyn, New York (zip code 11213), presents a compelling investment opportunity. The property boasts a total of 6 units, although currently configured as 8, situated on a 2,600 square foot lot. Built in 1907, the building offers 6,006 square feet of living space and is zoned R6. Five out of the six units are designated as free market, offering flexibility and potential for increased rental income. The building's strong financial performance is reflected in its attractive 6.51% capitalization rate. This multifamily property is priced at $2,200,000 and represents a rare chance to acquire a well-located, income-generating asset in a thriving Brooklyn neighborhood. The property's Kings County location provides easy access to various amenities and transportation options. This is an ideal investment for those seeking a stable, high-yield return in the robust New York City real estate market. The building's solid construction and desirable location make it a low-risk, high-reward investment prospect. Serious inquiries are encouraged.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $215,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $186,000
Market price range: $104k - $242k
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.934
- Latitude
- 40.6711
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
