2 Doscher StBrooklyn, NY 11208

  • Apartment buildings
  • 14,310 SF
For Sale
$5,200,000 View listing

Property Details for 2 Doscher St

Year built
1930
Lot size
0.13 AC
Property size (Sq ft)
14,310 SF
Zone code
R6A
Property type
Apartment buildings
APN
04193-0017
APU
41930017

Description

This exceptional three-story walk-up apartment building, located at 2 Doscher Street in the East New York section of Brooklyn, NY (zip code 11208), presents a compelling investment opportunity. Built in 1930 and renovated in 1993, the property boasts a total of 18 residential units, spread across 12,879 square feet. Twelve of these units have undergone significant renovations, ensuring a blend of updated and classic living spaces. The building sits on a 5,617 square foot lot and is zoned R6A. With a strong net operating income (NOI) of $329,680 and an asking price of $5,200,000, this property offers a solid return on investment. The property's location in the vibrant East New York neighborhood provides easy access to various amenities and transportation options. This is a rare chance to acquire a well-maintained multifamily property with significant upside potential in a rapidly growing area of Brooklyn. Further details and media are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,933,679
    6.5%
    $2,708,012
    7%
    $2,514,582
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,898,104
    Geo Method
    $2,898,104
  • Alternative Use

    Use
    Valuation
    Residential
    $2,708,012
    Hospitality
    $2,480,524
    Educational
    $2,063,767
    Medical
    $2,134,743
    Retail
    $3,210,304

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6776
Longitude
-73.8734
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,952
$76,050
$475,650
$551,700
-
$169,000
$1,057,000
$1,226,000

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