108 Calyer StBrooklyn, NY 11222

Property Details for 108 Calyer St

Year built

1928

Lot size

0.06 AC

Property size (Sq ft)

7,020 SF

Zone code

M1-1

Property type

Apartment buildings

APN

02593-0018

APU

25930018

Description

This meticulously maintained, eight-unit apartment building at 108 Calyer Street in Brooklyn, New York, offers a compelling investment opportunity. The 7,020 square foot, four-story walk-up building boasts 27 feet of frontage on Calyer Street, situated between Banker Street and Clifford Place in the heart of Greenpoint. The property comprises five free-market (FM) and three rent-stabilized (RS) residential units. Free-market units feature open-concept living spaces with stainless steel appliances, custom cabinetry, tile backsplashes, espresso-stained hardwood floors, in-unit Bosch washer/dryers, and recessed lighting. One ground-floor unit includes a large private backyard. This prime Greenpoint location offers proximity to popular restaurants like Paulie Gee's, Oxomoco, and Esme, as well as McCarren Park and convenient access to public transportation via the nearby G train and L train. The building benefits from a protected tax class (2B) and presents significant potential for future rental income growth in this highly desirable Brooklyn neighborhood. The asking price is $6,495,000. No retail exposure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,439,164

  6.5%

  $1,328,459

  7%

  $1,233,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,421,712

  Geo Method

  $1,421,712

• Alternative Use

  Use

  Valuation

  Residential

  $1,328,459

  Hospitality

  $1,216,861

  Educational

  $1,012,414

  Medical

  $1,047,232

  Retail

  $1,574,866

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7269

Longitude

-73.9564

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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