Multifamily Housing - For Sale
1337 President Street Brooklyn, NY 11213
Details & Description
Price: $8,410,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 18,360
  • Building Price per Sq Ft $458.06
  • NOI $441,534
  • CAP Rate % 5.30
Asset Commercial Realty Group has been exclusively retained to market the Troy-Rogers Portfolio, which holds a total of five (5) properties with all of them spanning three (3) stories each: three (3) mixed-use and two (2) multifamily located across Crown Heights, Flatbush, and Prospect Lefferts Gardens in Brooklyn.DetailsAll of the properties have recently been gut renovated with new bathrooms, new kitchens, appliances-appealing to the market residential rental pool.  The Troy-Rogers Portfolio holds a total of twelve (12) free market residential units and three (3) retail units. The total building size is 18,360 SF with a collective lot size of 8,670 square feet.  Each residential unit is comprised of three (3) bedrooms and one (1) bathroom and there is one (1) duplex that has three (3) bedrooms and two (2) bathrooms.  The portfolio holds roughly 4,082 square feet of air rights as well, providing for additional as of right residential development to be implemented in the near future.  The portfolio is also well positioned with great access to public transportation such as a couple blocks from the subway lines, buses, and highways.Collectively, the Troy-Rogers Portfolio produces a gross income of $501,900with a total expense of $60,366 and yields an Net Operating Income (NOI) of $441,534.  The portfolio is 100% occupied.Ownership has set the asking price at $8,410,000 which reflects a 5.25% CAP rate and $458 per square foot.
Listing Agents
Michelle Abramov

O: 718-663-2652
mabramov@ripcony.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1337 President Street

Brooklyn, NY 11213

Listing ID: 148406
$8,410,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 18,360
  • Building Price per Sq Ft $458.06
  • NOI $441,534
  • CAP Rate % 5.30
1337 President Street Brooklyn, NY 11213 | for Sale | Photo 1
Description
Asset Commercial Realty Group has been exclusively retained to market the Troy-Rogers Portfolio, which holds a total of five (5) properties with all of them spanning three (3) stories each: three (3) mixed-use and two (2) multifamily located across Crown Heights, Flatbush, and Prospect Lefferts Gardens in Brooklyn.
Details






All of the properties have recently been gut renovated with new bathrooms, new kitchens, appliances-appealing to the market residential rental pool.  The Troy-Rogers Portfolio holds a total of twelve (12) free market residential units and three (3) retail units. The total building size is 18,360 SF with a collective lot size of 8,670 square feet.  Each residential unit is comprised of three (3) bedrooms and one (1) bathroom and there is one (1) duplex that has three (3) bedrooms and two (2) bathrooms.  The portfolio holds roughly 4,082 square feet of air rights as well, providing for additional as of right residential development to be implemented in the near future.  The portfolio is also well positioned with great access to public transportation such as a couple blocks from the subway lines, buses, and highways.

Collectively, the Troy-Rogers Portfolio produces a gross income of $501,900with a total expense of $60,366 and yields an Net Operating Income (NOI) of $441,534.  The portfolio is 100% occupied.

Ownership has set the asking price at $8,410,000 which reflects a 5.25% CAP rate and $458 per square foot.





Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
New York History of Multifamily Housing for Sale

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Brooklyn Area Market Trends

Listing Demographics for 1337 President Street Brooklyn, NY 11213

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population180,6461,323,5892,746,221
Population Median Age373637
Population by Age0-9 Yrs20230 (11%)177053 (13%)362693 (13%)
10-19 Yrs19275 (10%)150715 (11%)307836 (11%)
20-29 Yrs35137 (19%)235747 (17%)464328 (16%)
30-39 Yrs29761 (16%)225756 (17%)461625 (16%)
40-49 Yrs21223 (11%)164966 (12%)347255 (12%)
50-59 Yrs22256 (12%)148647 (11%)317170 (11%)
60-69 Yrs16877 (9%)119073 (8%)258472 (9%)
70+ Yrs15887 (8%)101632 (7%)226843 (8%)
Median HH Income$50,042$55,508$59,496
Total Household Income< 24K19849 (27%)133107 (26%)255446 (25%)
25-49K15859 (22%)97759 (19%)192643 (18%)
50-74K11529 (16%)72129 (14%)144468 (14%)
75-99K7910 (11%)54308 (10%)110592 (10%)
100-199K12635 (17%)97710 (19%)211521 (20%)
200K+3680 (5%)40939 (8%)99831 (9%)
Highest Education LevelNo Diploma18613152057345628
Diploma or GED33396228302469895
Some College22022133593249821
Assoc. Degree828054074109232
Bachelors Degree27143198336427979
Higher Degree17593133959282213
Total Housing Units78,313540,6911,108,805
--Owner-Occupied12,473122,317284,537
--Renter-Occupied58,988373,636729,965
Owner-Occupied Values< 100K569445210820
100-199K42231198129
200-299K512564812020
300-399K8191162523199
400-499K10061572734360
500K+914581746196009
Total Working Age Population148,6121,053,8022,194,936
In Work Force97,307688,5771,415,904
Not In Work Force51,306365,225779,032
Workforce Employed89,692636,8401,321,232
Workforce Unemployed7,57851,56294,182
Civlian Workforce97,270688,4031,415,414
Military Workforce37175490
Total Households71,462495,9531,014,501
Family Households38,389285,019603,962
Non-Family Households33,072210,934410,540
Married Couple17,413150,631369,828
Other Family20,976134,388234,134
Married w/Child7,03869,580166,614
Single Male w/Child1,3208,98017,089
Single Female w/Child6,81745,99577,262

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New York18,976,457+219,378,102+420,146,131+220,604,030
Kings County2,465,326+22,504,700+92,738,283+52,863,996
Queens County2,229,37902,230,722+92,436,549+52,565,268
New York County1,537,195+31,585,873+61,688,894+21,727,631

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
La Guardia Airport (LGA) 8
John F Kennedy International Airport (JFK) 9
Newark Liberty International Airport (EWR) 12
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