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320 Tompkins Ave 3 Unit Apartment Building £2,295,085 (£765,028/Unit) 6.44% Net Initial Yield Brooklyn, NY 11216
INVESTMENT HIGHLIGHTS
- Both apartments have condo level and custom finishes with private outdoor spaces, high ceilings and spacious bedrooms
- Open Retail Plan with exposed Brick, ADA Bathroom, Large Garden, Custom Kitchenette, HVAC in place, exposed concrete floors, plug and play space
EXECUTIVE SUMMARY
Fully renovated Mixed Use Building for Sale. Two rental apartments with condo level custom finishes over a perfect Owner Occupier 1,500 SF Ground Floor Retail Space w/ interconnecting Stair to an additional 700 SF of dry storage basement. The ground floor unit has a fixtured ADA Bathroom, two glass doors and access points to an exterior Garden, HVAC has been installed and there is a custom wet kitchenette as well, if desired. Custom four panel wood and glass storefront on Tompkins Avenue which has emerged as the epicenter of Bed Stuy Retail. Great space for a variety of professional users specifically physical therapy, Doctor, Dentist, any office users, Fitness, Cafe, Pharmacy and or Restaurant/ Bar. The building has been completely rebuilt with steel, it has all new utilities throughout and is fully sprinklered.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
| Price | £2,295,085 | Costar Property Class | C |
| Price Per Unit | £765,028 | Total Plot Size | 0.04 ac |
| Sale Type | Investment or Owner Occupier | Property Size | 4,400 sq ft |
| Yield | 6.44% | Average Occupancy | 100% |
| No. Units | 3 | No. Floors | 4 |
| Property Type | Build-to-Rent | Year Built/Renovated | 1899/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Use Class | R6A/C2-4 - Located in the Bed-Stuy neighborhood of Brooklyn between Gates Ave & Monroe St near the Bedford - Nostrand Ave subway station. | ||
| Price | £2,295,085 |
| Price Per Unit | £765,028 |
| Sale Type | Investment or Owner Occupier |
| Yield | 6.44% |
| No. Units | 3 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.04 ac |
| Property Size | 4,400 sq ft |
| Average Occupancy | 100% |
| No. Floors | 4 |
| Year Built/Renovated | 1899/2019 |
| Opportunity Zone |
Yes |
| Use Class | R6A/C2-4 - Located in the Bed-Stuy neighborhood of Brooklyn between Gates Ave & Monroe St near the Bedford - Nostrand Ave subway station. |
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Walk Score®
Excellent pedestrian access (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Good for cycling (78)
PROPERTY TAXES
| Parcel Number | 01814-0032 | Total Assessment | £106,477 |
| Land Assessment | £10,350 | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £96,127 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01814-0032
Land Assessment
£10,350
Improvements Assessment
£96,127
Total Assessment
£106,477
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2025
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320 Tompkins Ave
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