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339-341 86th St

21 Unit Block of Flats £4,339,499 (£206,643/Unit) 4.57% Net Initial Yield Brooklyn, NY 11209

Investment Highlights

  • Public Transportation
  • Nightlife and Restaurants

Executive Summary

Calling all investors looking for an amazing property in Bay Ridge. 21 units fully rented, 4 - 1 bedrooms, 13 - 2 bedrooms and 4 - 3 bedroom units. Building is 50x90 and the lot is 60x150 with R5B zoning. Amazing location with convenience to everything. Residential units are collecting $30,285.51 monthly. Most of the units have been recently renovated. Coin operated laundry in the basement generating $1,000 monthly and the best part is a private driveway leading to a parking area for 12-14 cars that can generate up to $3,500 monthly. 7 year old Rubber Roof.

Attachments

341 86th Rent Roll and Expenses
341 86th MLS Listing

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £287,110 £14.54
Other Income £42,661 £2.16
Vacancy Loss - -
Effective Gross Income £329,771 £16.70
Taxes £69,688 £3.53
Operating Expenses £61,513 £3.11
Total Expenses £131,202 £6.64
Net Operating Income £198,569 £10.06

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £287,110
Annual Per SF £14.54
Other Income
Annual £42,661
Annual Per SF £2.16
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £329,771
Annual Per SF £16.70
Taxes
Annual £69,688
Annual Per SF £3.53
Operating Expenses
Annual £61,513
Annual Per SF £3.11
Total Expenses
Annual £131,202
Annual Per SF £6.64
Net Operating Income
Annual £198,569
Annual Per SF £10.06

Property Facts

Price £4,339,499 Apartment Style Mid Rise
Price Per Unit £206,643 Building Class C
Sale Type Investment Lot Size 0.21 AC
Net Initial Yield 4.57% Building Size 19,748 SF
Sale Conditions 1031 Exchange Average Occupancy 100%
No. Units 21 Number of Floors 4
Property Type Residential Year Built 1917
Property Subtype Apartment Parking Ratio 0.61/1,000 SF
Price £4,339,499
Price Per Unit £206,643
Sale Type Investment
Net Initial Yield 4.57%
Sale Conditions 1031 Exchange
No. Units 21
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.21 AC
Building Size 19,748 SF
Average Occupancy 100%
Number of Floors 4
Year Built 1917
Parking Ratio 0.61/1,000 SF

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 4 - 800
2+1 13 - 700
1+1 4 - 600

Links

1 of 1
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 06034-0067 Total Assessment £660,883 (2024)
Land Assessment £255,963 (2024) Annual Taxes £69,688 (£3.53/sf)
Improvements Assessment £404,920 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
06034-0067
Land Assessment
£255,963 (2024)
Improvements Assessment
£404,920 (2024)
Total Assessment
£660,883 (2024)
Annual Taxes
£69,688 (£3.53/sf)
Tax Year
2023

zoning

Zoning Code R5B (a low-density residential zoning district in New York City that allows for the construction of various types of residential buildings)
R5B (a low-density residential zoning district in New York City that allows for the construction of various types of residential buildings)
(646) 879-2988

  • Listing ID: 31576018

  • Date on Market: 22/04/2024

  • Last Updated:

  • Address: 339-341 86th St, Brooklyn, NY 11209

The South Brooklyn Residential Property at 339-341 86th St, Brooklyn, NY 11209 is currently available. Contact Ben Bay Realty Co. of New Jersey for more information.

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339-341 86th St
(646) 879-2988 x

339-341 86th St

James Nelson

(646) 879-2988

(646) 879-2988

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