1367 6Th St Brooklyn, NY 11204
- Apartment buildings
- 11,600 SF
- 0.09 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1367 6Th St
- Year built
- 1927
- Lot size
- 0.09 lot acres
- Property size
- 11,600 SF
- Zone code
- R5B
- Property type
- Apartment buildings
- APN
- 06579-0066
- APU
- 65790066
Description
This exceptional 16-unit apartment building, located at 1367 West 6th Street in Brooklyn, New York (zip code 11204), presents a compelling investment opportunity. The property boasts a total of 4,500 square feet and is classified as a Class B multifamily building. Currently operating at 100% occupancy, this stabilized investment generates a substantial annual rental income. The building comprises fifteen one-bedroom units and one studio unit. Each unit is priced at $250,000, contributing to the overall asking price of $4,000,000. The price per square foot is $888.89. Situated in a convenient location with easy access to transportation and shopping, this property offers significant potential for future growth and strong returns
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $475,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $405,000
- Mixed-Use
- $445,000
- Hospitality
- $380,000
- Educational
- $465,000
- Residential Income
- $505,000
- Energy
- $440,000
- Income-Based Land
- $420,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9801
- Latitude
- 40.6119
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA