179 Milford St | Brooklyn, NY 11208
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179 Milford St
Brooklyn, NY 11208
15 Unit Multi Family All Free Market · Residential Property For Sale · 15 Units
Investment Highlights
- In Close proximity to the A and C Lines
- Free Market Apartments
Executive Summary
177 &179-181 Milford St Brooklyn, NY 11208
EXCELLENT TWO PROPERTIES IN THE THE HEART OF BROOKLYN NY CURRENT RENT ROLL NO LESS THAN $285,000 ANNUALLY
The subject properties includes the sale of 2 buildings next to each other located on 177 &179-181 Milford St. The building on 177 Milford Street includes 4 fully Renovated 2 bedroom apartments and 179-181 Milford Street includes 11 Free Market 2 bedroom Apartments
THE 4 FAMILY WAS RECENTLY FULLY RENOVATED FROM A-Z.
177 Milford St Brooklyn NY:
20x84 2 story building on a 20x100 lot zoned R5B. Built in 1925. Currently 3360 square feet classified as "four families". 4 total units. Fully renovated
179 - 181 Milford St Brooklyn NY
35x85 3 story building on a 40x100 lot zoned R5B. Built in 1930. Currently 8925 square feet classified as "over six families without stores". 11 total units. Good condition Year built 1930
This is how each brand new unit is in the 4 family on 177 milford street this building paying $6,637 monthly fully brand new A-Z renovated.
This is how each unit is at 179-181 Milford Street, huge 2 bedrooms each, in good condition, paying total of $17,189 a month
It’s free market according to DHCR Market value to rent a 2 bedroom apartment in this area is about $2,300.These buildings have great upside potential once the rents are raised to the actual market value.
Property is conveniently located between Pitkin Ave and Glenmore Ave. Off Liberty Ave and Conduit Blvd.
Close to School PS-89K
Closest station Shepherd Ave & Pitkin Ave at NE Corner
Station lines A-C
Distance (miles) 0.21
Projected Gross income: $414,000
EXCELLENT TWO PROPERTIES IN THE THE HEART OF BROOKLYN NY CURRENT RENT ROLL NO LESS THAN $285,000 ANNUALLY
The subject properties includes the sale of 2 buildings next to each other located on 177 &179-181 Milford St. The building on 177 Milford Street includes 4 fully Renovated 2 bedroom apartments and 179-181 Milford Street includes 11 Free Market 2 bedroom Apartments
THE 4 FAMILY WAS RECENTLY FULLY RENOVATED FROM A-Z.
177 Milford St Brooklyn NY:
20x84 2 story building on a 20x100 lot zoned R5B. Built in 1925. Currently 3360 square feet classified as "four families". 4 total units. Fully renovated
179 - 181 Milford St Brooklyn NY
35x85 3 story building on a 40x100 lot zoned R5B. Built in 1930. Currently 8925 square feet classified as "over six families without stores". 11 total units. Good condition Year built 1930
This is how each brand new unit is in the 4 family on 177 milford street this building paying $6,637 monthly fully brand new A-Z renovated.
This is how each unit is at 179-181 Milford Street, huge 2 bedrooms each, in good condition, paying total of $17,189 a month
It’s free market according to DHCR Market value to rent a 2 bedroom apartment in this area is about $2,300.These buildings have great upside potential once the rents are raised to the actual market value.
Property is conveniently located between Pitkin Ave and Glenmore Ave. Off Liberty Ave and Conduit Blvd.
Close to School PS-89K
Closest station Shepherd Ave & Pitkin Ave at NE Corner
Station lines A-C
Distance (miles) 0.21
Projected Gross income: $414,000
PROPERTY FACTS
| Price Per Unit | £227,135 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 9.60% | Lot Size | 0.09 AC |
| No. Units | 15 | Building Size | 8,925 SF |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Price Per Unit | £227,135 |
| Sale Type | Investment |
| Net Initial Yield | 9.60% |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 8,925 SF |
| Number of Floors | 4 |
| Year Built | 1930 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 15 | - | - |
PROPERTY TAXES
| Parcel Number | 04208-0007 | Improvements Assessment | £188,971 |
| Land Assessment | £42,786 | Total Assessment | £231,757 |
PROPERTY TAXES
Parcel Number
04208-0007
Land Assessment
£42,786
Improvements Assessment
£188,971
Total Assessment
£231,757
zoning
| Zoning Code | R5B |
| R5B |
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