287 Mcguinness Blvd Brooklyn, NY 11222-6246
Property profile & analytics
287 Mcguinness Blvd Brooklyn, NY 11222-6246
- Apartment buildings
- 8,724 SF
- 0.05 lot acres
Property ID
US63-5173594
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 287 Mcguinness Blvd
- Year built
- 2009
- Lot size
- 0.05 lot acres
- Property size
- 8,724 SF
- Zone code
- R6A
- Property type
- Apartment buildings
- APN
- 02541-0036
- APU
- 25410036
Description
This exceptional multifamily investment opportunity consists of three adjacent buildings located at 287, 293, and 299 McGuinness Boulevard in Brooklyn, New York, 11222. The portfolio comprises a total of 30 units across three 15-story buildings, encompassing 31,023 square feet on a 7,000 square foot lot. Each building offers a mix of two to six-bedroom apartments, all equipped with in-unit washer/dryers. The property boasts a strong net operating income (NOI) of $1,252,929, resulting in an attractive 7.83% capitalization rate. The asking price is $16,000,000, translating to $516 per square foot and $533,333 per unit. Currently zoned R6A, the property benefits from a 421a tax abatement, expiring in 2027. Its prime location offers convenient access to local amenities, including restaurants, nightlife, parks, and public transportation, being just 1.5 blocks from the Greenpoint Avenue G train station. This is an ideal investment for those seeking a well-maintained, high-performing multifamily portfolio in a rapidly developing Brooklyn neighborhood. The property is classified as Tax Class 2B.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9522
- Latitude
- 40.732
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$38,198
$39,150
$994,050
$1,033,200
-
$87,000
$2,209,000
$2,296,000
