659 Miller Ave Brooklyn, NY 11207
- Apartment buildings
- 4,920 SF
- 0.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 659 Miller Ave
- Year built
- 1925
- Lot size
- 0.06 lot acres
- Property size
- 4,920 SF
- Zone code
- R6
- Property type
- Apartment buildings
- APN
- 04087-0009
- APU
- 40870009
Description
This exceptional six-unit apartment building, located at 659 Miller Ave in Brooklyn, NY 11207, presents a compelling investment opportunity. The property boasts 4,920 square feet spread across three floors, situated on a 2,660 square foot lot (approximately 28' x 95'). The building comprises five two-bedroom apartments and one one-bedroom apartment, offering a diverse unit mix. Recent upgrades include a new boiler (installed within the last year) and a recently renovated roof, minimizing immediate maintenance concerns. Adding to its appeal, the property features a shared driveway, a garage, and a spacious walk-out basement. The asking price is $1,200,000, translating to $200,000 per unit and $243.90 per square foot. All DHCRs are current. Conveniently located within a three-minute walk of multiple subway lines (2, 3, 4, and 5), the building benefits from proximity to a variety of shops and restaurants. Seller financing is available, and the price is negotiable. This property is ideally suited for an investor seeking strong potential for appreciation. The building's dimensions are approximately 20.5' x 80'.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $265,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $300,000
- Mixed-Use
- $270,000
- Hospitality
- $305,000
- Educational
- $260,000
- Residential Income
- $265,000
- Energy
- $285,000
- Income-Based Land
- $290,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.8888
- Latitude
- 40.6644
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA