Cap Rate
8.2%
$ per SF
$137
351 Legion Street, Brooklyn, NY, 11212
351 Legion Street$1,950,000
Key Information
Tot. SF
14,172
$ per unit
$97,000
Units
20
Type
Apartments
NOI
$159,871
Highlights
- Historically Low Basis: Asking price equates to just $97K per unit and a 5.21X GRM based on the current rent roll.
- Excellent Light and Air: Corner exposure allows for 80+ windows, providing light and air for efficient apartment layouts.
- 18 Residential Units: Apartments are fully occupied with rent stabilized tenants.
- 2 Retail Units: The corner retail space is occupied by a bodega/hookah shop, while mid block retail is currently vacant.
- Transit-Oriented Location: One block from the Saratoga Avenue 3-train, offering access to Downtown Brooklyn and Lower Manhattan within 30-40 minutes.
Photos
Location
Agents
D
David CabaLicense # 10401387541 (NY)
D
DJ JohnstonLicense # 10401225168 (NY)
Broker of Record
Cory Rosenthal
License # 10991237833, 10311210106Matthews Real Estate Investment Services, Inc575 5th Ave., Ste 2810 New York, NY 10017