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Multifamily

297 Troutman Street

297 Troutman St, Brooklyn, NY 11237

Listing Price: $3,700,000

Cap Rate
6.70%
Number of Units
8
GRM
11.31
Price/Unit
$462,500
Price/Gross SF
$569.23
Gross SF
6,500

Investment Overview

Marcus & Millichap is pleased to offer 297 Troutman Street, an opportunity to acquire a fully occupied, free-market 8-unit multifamily building in the heart of Bushwick, Brooklyn. The 6,500 square foot property is configured with spacious box-layout apartments and benefits from strong in-place cash flow with additional upside through rent growth to market levels. 297 Troutman sits on a 25’ x 100’ lot,

Investment Highlights

  • 297 Troutman Street, built in 1959, is a 8-unit multifamily asset, approx. 6,500 SF.
  • 100% Fair Market | Tax Class: 2B | Zoning: R6
  • 297 Troutman Street is in close proximity to the L Subway Jefferson St and Morgan Ave stops.

Multifamily

297 Troutman Street

Listing Price: $3,700,000

Cap Rate
6.70%
Number of Units
8
GRM
11.31
Price/Unit
$462,500
Price/Gross SF
$569.23
Gross SF
6,500

Investment Highlights

  • 297 Troutman Street, built in 1959, is a 8-unit multifamily asset, approx. 6,500 SF.
  • 100% Fair Market | Tax Class: 2B | Zoning: R6
  • 297 Troutman Street is in close proximity to the L Subway Jefferson St and Morgan Ave stops.

Investment Overview

Marcus & Millichap is pleased to offer 297 Troutman Street, an opportunity to acquire a fully occupied, free-market 8-unit multifamily building in the heart of Bushwick, Brooklyn. The 6,500 square foot property is configured with spacious box-layout apartments and benefits from strong in-place cash flow with additional upside through rent growth to market levels. 297 Troutman sits on a 25’ x 100’ lot,

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