Projected Cap Rate is 6% This building is a true money maker with a projected cap rate of 6%. The area will be the Next Williamsburg. There are many development site occurring simultaneously. It months away from opening the new Myrtle Avenue. The new rezoning change was change in connection with the Mayor plan to add more residential units in New York . This change will allow developers to construct new and higher residential space. Excellent opportunity for developers to get involved in the tremendous renaissance that is taking place in the area of East side of Brooklyn. NEGOTIABLE !!!
Off market
$1,873,100
960 Myrtle Ave, Brooklyn, NY 11206
14beds
2,500sqft
MultiFamily
Built in 1931
-- sqft lot
$1,873,100 Zestimate®
$749/sqft
$4,690 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced air
Appliances
- Included: Dishwasher, Range / Oven, Refrigerator
Features
- Flooring: Tile, Hardwood
Interior area
- Total interior livable area: 2,500 sqft
Property
Parking
- Parking features: Garage - Attached
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1931
Community & neighborhood
Location
- Region: Brooklyn