258 Himrod StBrooklyn, NY 11237

Property Details for 258 Himrod St

Year built

1931

Lot size

0.06 AC

Property size (Sq ft)

4,350 SF

Zone code

R6

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

03279-0015

APU

32790015

Description

This exceptional investment opportunity presents a well-maintained, six-unit multifamily building located at 258 Himrod Street in Brooklyn, New York, within the desirable Bushwick neighborhood. The property boasts a total of 4,350 square feet spread across three stories, offering a compelling blend of income generation and potential for future appreciation. Currently operating as a fully leased, cash-flowing asset, this building provides immediate returns for investors. The property benefits from a 100% tax-class 2A protection, ensuring long-term stability and predictability in operating costs. The units are strategically positioned to maximize rental income, with minimal deferred maintenance, contributing to a streamlined management process. The building's location offers convenient access to local amenities and transportation, enhancing its appeal to tenants. This property presents a rare chance to acquire a stable, high-performing asset in a rapidly growing Brooklyn neighborhood, offering both immediate cash flow and significant long-term upside potential. The proximity of similar properties allows for efficient management operations, further enhancing the investment's attractiveness. This is an ideal opportunity for investors seeking a secure and profitable addition to their portfolio. The asking price for this exceptional property is $690,000.

• CAP approach

  CAP return

  Valuation

  6%

  $891,789

  6.5%

  $823,190

  7%

  $764,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $880,975

  Geo Method

  $880,975

• Alternative Use

  Use

  Valuation

  Residential

  $823,190

  Hospitality

  $754,038

  Educational

  $627,351

  Medical

  $648,926

  Retail

  $975,879

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7003

Longitude

-73.9193

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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