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Multifamily

228-236 Evergreen Avenue

228 Evergreen Ave, Brooklyn, NY 11221

Listing Price: $5,250,000

Cap Rate
5.41%
Number of Units
8
GRM
14.35
Occupancy
100.0%
Price/Unit
$656,250
Price/Gross SF
$431.85
Gross SF
12,157

Investment Overview

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 Outdoor Space

Exclusively Listed By

Multifamily

228-236 Evergreen Avenue

Listing Price: $5,250,000

Cap Rate
5.41%
Number of Units
8
GRM
14.35
Occupancy
100.0%
Price/Unit
$656,250
Price/Gross SF
$431.85
Gross SF
12,157

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 Outdoor Space

Investment Overview

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

Exclusively Listed By

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