741 Pennsylvania AveBrooklyn, NY 11207

Property Details for 741 Pennsylvania Ave

Year built

1930

Lot size

0.07 AC

Property size (Sq ft)

4,725 SF

Zone code

R6

Property type

Apartment buildings

APN

04323-0052

APU

43230052

Description

This exceptional six-unit multifamily property located at 741 Pennsylvania Avenue in Brooklyn, Kings County, New York, 11207 presents a compelling investment opportunity. Priced at $1,590,000, this well-maintained building offers a substantial return on investment. The property boasts a total of twelve spacious bedrooms spread across its six units, ensuring comfortable living for tenants. Its prime location provides easy access to local amenities and public transportation, making it highly attractive to renters. The property's strong financial performance is evident in its impressive annual gross income of $156,000 and a net operating income of $130,000. This translates to a solid cash flow, making it an ideal addition to any investor's portfolio. The property's geographic coordinates are 40.6594771 latitude and -73.8911162 longitude. This turnkey investment is ready for immediate ownership and offers a stable and profitable income stream. This is a rare opportunity to acquire a well-performing multifamily property in a desirable Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $968,668

  6.5%

  $894,155

  7%

  $830,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $956,921

  Geo Method

  $956,921

• Alternative Use

  Use

  Valuation

  Residential

  $894,155

  Hospitality

  $819,041

  Educational

  $681,432

  Medical

  $704,868

  Retail

  $1,060,006

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6595

Longitude

-73.891

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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