228-236 Evergreen Avenue — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11221

Investment Figures

Cap rate
5.41%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, is pleased to present the Exclusive Listing to four (4) contiguous 2-Family properties located at 228-236 Evergreen Avenue in the Bushwick section of Brooklyn, NY, 11221. Layout: 228 Evergreen: 2 Apartments – (2,760 SF) Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ In-Unit Washer/Dryer Private Walk-Up Roof Terrace 230 Evergreen: 2 Apartments – (2,760 SF) Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer Unit 2 - 4-bedroom, 2-bathroom | Duplex & In-Unit Washer/Dryer Private Walk-Up Roof Terrace 234 Evergreen: 2 Apartments – (3,000 SF) Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room) & In-Unit Washer/Dryer Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ Terrace & In-Unit Washer/Dryer Private Walk-Up Roof Terrace 236 Evergreen: 2 Apartments – (3,637 SF) - Corner Building Unit 1 - 2-bedroom, 2-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room), Private Backyard & In-Unit Washer/Dryer Unit 2 - 4-bedroom, 2.5-bathroom | Duplex & In-Unit Washer/Dryer Private Walk-Up Roof Terrace Investment Opportunity: 4 separate tax lots 8 Free Market Apartment Units, Ready to Be Converted Into Condos Constructed in 2011 with Tenants Responsible for Own Utilities Exempt from Good Cause Eviction until 2041 - Buildings were constructed after 2009. Location: Bordering Williamsburg & Bedford-Stuyvesant | Ranked “Hottest” Neighborhoods in the Country Short Walk to the (J | Z | M) Train Lines Investment Highlights: • Corner Brick Building in Bushwick, Bordering East Williamsburg • (4) Contiguous Buildings, Totaling (8) Free Market Residential Units • Built in 2011 | Exempt From Good Cause Eviction • Ideal Opportunity for Condo Conversion • Each Unit it Duplexed with large layouts (approx. 1,500 sf) Multiple Bathrooms, In-Unit W/D and Private Outdoo

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

Contact

  • Matthew R. Peters

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