313 Stockholm St Brooklyn, NY 11237
- Apartment buildings
- 5,100 SF
- 0.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 313 Stockholm St
- Year built
- 1931
- Lot size
- 0.06 lot acres
- Property size
- 5,100 SF
- Zone code
- R6
- Property type
- Apartment buildings
- APN
- 03248-0046
- APU
- 32480046
Description
This exceptional investment opportunity presents a six-unit apartment building located at 313 Stockholm Street in Brooklyn, New York, 11237. The property, built in 1910, boasts a total of 5,100 square feet across three stories, offering a compelling 5.20% cap rate and a pro-forma cap rate of 5.71%. The building features a full basement and a sizable 925 square foot rear garden. Currently generating a Net Operating Income (NOI) of $80,078, with a pro-forma NOI of $87,878, this property offers significant potential for growth. Each of the six units is priced at $256,666.67, contributing to the overall asking price of $1,540,000. Situated on a desirable 25' x 100' lot in the heart of Bushwick, this brick building enjoys a prime location, steps from the L train and Maria Hernandez Park. Low taxes and a buildable floor area ratio (FAR) further enhance its investment appeal. The property is in good repair and benefits from a steady rent roll, making it an attractive and stable investment. Financial details are available upon request.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9194
- Latitude
- 40.7033
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
