3319 Snyder | 3319 Snyder Ave
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3319 Snyder 3319 Snyder Ave
3 Unit Block of Flats £1,056,308 (£352,103/Unit) 6.70% Net Initial Yield Brooklyn, NY 11203
Executive Summary
Newly gut-renovated 3-family. Pristine condition with great quality tenants, providing immediate strong cash-flow for any investor. Property may also be delivered vacant by closing for any end-user in search of a beautiful, move-in ready home. Property is located in the heart of East Flatbush, a vibrant neighborhood situated just south of beautiful Prospect Park. The 2 & 5 express subway lines are within a 5 minute walk from the property, providing a direct 30-minute commute into lower Manhattan.
Layouts and collected rents are as follows:
Floor 1 - 4bed/2bath Duplex (into the basement). Private Yard. Current rent of $3,700/month.
Floor 2 - 3bed/1bath. Current rent of $2,500/month.
Floor 3 - 4bed/1bath. Current rent of $2,900/month.
Property is built 20×50 per floor with an approximate 5×15 side cut-out, allowing great light exposure throughout each floor. Property has true charm to it. Showings available anytime with advanced notice.
*This property is not subject to any rent-stabilization or rent-control city ordinances, enabling an owner to capitalize on all uptrends in the rental market. This is vital to any novice out-of-state investor who wants to eliminate all exposure to rent restrictions (seen on NY properties that are 6+ units).*
Layouts and collected rents are as follows:
Floor 1 - 4bed/2bath Duplex (into the basement). Private Yard. Current rent of $3,700/month.
Floor 2 - 3bed/1bath. Current rent of $2,500/month.
Floor 3 - 4bed/1bath. Current rent of $2,900/month.
Property is built 20×50 per floor with an approximate 5×15 side cut-out, allowing great light exposure throughout each floor. Property has true charm to it. Showings available anytime with advanced notice.
*This property is not subject to any rent-stabilization or rent-control city ordinances, enabling an owner to capitalize on all uptrends in the rental market. This is vital to any novice out-of-state investor who wants to eliminate all exposure to rent restrictions (seen on NY properties that are 6+ units).*
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£85,444
|
£30.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£85,444
|
£30.79
|
| Taxes |
£5,685
|
£2.05
|
| Operating Expenses |
£8,998
|
£3.24
|
| Total Expenses |
£14,683
|
£5.29
|
| Net Operating Income |
£70,760
|
£25.50
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £85,444 |
| Annual Per SF | £30.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £85,444 |
| Annual Per SF | £30.79 |
| Taxes | |
|---|---|
| Annual | £5,685 |
| Annual Per SF | £2.05 |
| Operating Expenses | |
|---|---|
| Annual | £8,998 |
| Annual Per SF | £3.24 |
| Total Expenses | |
|---|---|
| Annual | £14,683 |
| Annual Per SF | £5.29 |
| Net Operating Income | |
|---|---|
| Annual | £70,760 |
| Annual Per SF | £25.50 |
Property Facts
| Price | £1,056,308 | Property Subtype | Apartment |
| Price Per Unit | £352,103 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Net Initial Yield | 6.70% | Building Size | 2,775 SF |
| Gross Rent Multiplier | 12.4 | Number of Floors | 3 |
| No. Units | 3 | Year Built/Renovated | 1910/2024 |
| Property Type | Residential |
| Price | £1,056,308 |
| Price Per Unit | £352,103 |
| Sale Type | Investment |
| Net Initial Yield | 6.70% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,775 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1910/2024 |
1 of 1
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Rider's Paradise (93)
zoning
| Zoning Code | R-5 (low-density residential zoning district) |
| R-5 (low-density residential zoning district) |
-
Bijan Djafari - Cloud Realty
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3319 Snyder | 3319 Snyder Ave
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