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Multifamily

164 Dikeman Street

164 Dikeman St, Brooklyn, NY 11231

Listing Price: $2,500,000

Cap Rate
5.99%
Number of Units
8
GRM
12.19
Price/Unit
$312,500
Price/Gross SF
$446.43
Gross SF
5,600

Investment Overview

Marcus and Millichap is proud to present 164 Dikeman Street, a multifamily building comprised of 8 two-bedroom apartments. The property is located on Dikeman Street between Ferris Street & Conover Street in the Red Hook neighborhood of Brooklyn.
The subject property was built in 1931 and measures 25 feet wide by 56 feet deep on a lot that extends 100 feet deep. The property is zoned M2-I.
The subject property is walking distance from the Carroll Street [F, G] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Investment Highlights

  • 8-Family Apartment Building in One of Brooklyn's Most Up and Coming Neighborhoods
  • Upside in 5 Free-Market Apartments that Need Minimal Renovations in Order to Achieve Top of the Market Rents
  • Tremendous Amount of Upside in the Neighborhood for any Investor with a 5 Year outlook looking to capitalize

Exclusively Listed By

Financing By

Multifamily

164 Dikeman Street

Listing Price: $2,500,000

Cap Rate
5.99%
Number of Units
8
GRM
12.19
Price/Unit
$312,500
Price/Gross SF
$446.43
Gross SF
5,600

Investment Highlights

  • 8-Family Apartment Building in One of Brooklyn's Most Up and Coming Neighborhoods
  • Upside in 5 Free-Market Apartments that Need Minimal Renovations in Order to Achieve Top of the Market Rents
  • Tremendous Amount of Upside in the Neighborhood for any Investor with a 5 Year outlook looking to capitalize

Investment Overview

Marcus and Millichap is proud to present 164 Dikeman Street, a multifamily building comprised of 8 two-bedroom apartments. The property is located on Dikeman Street between Ferris Street & Conover Street in the Red Hook neighborhood of Brooklyn. The subject property was built in 1931 and measures 25 feet wide by 56 feet deep on a lot that extends 100 feet deep. The property is zoned M2-I. The subject property is walking distance from the Carroll Street [F, G] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Exclusively Listed By

Financing By

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