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Multifamily

68 Middagh Street

68 Middagh St, Brooklyn, NY 11201

Listing Price: $5,495,000

Cap Rate
4.40%
Number of Units
11
Occupancy
99.0%
Price/Unit
$499,545
Price/Gross SF
$600.15
Gross SF
9,156

Investment Overview

Marcus & Millichap is pleased to present at 68 Middagh Street in Brooklyn, New York.

Investment Highlights

  • Built in 1900 and has five stories and 11 units | Mechanicals and Structure in mint condition
  • Pro Forma 5.1% Cap Rate | $522,727 Price/Unit | $628 PSF
  • Ability to re-renovate FM units with 2021 finishes
  • Nearby schools include P.S. 8 Robert Fulton School, Edmund W Gordon Brooklyn Laboratory School and Urban Assembly Institute of Math and Science for Young Women School.
  • Very attractive basis for future condo or single-family conversion with magnificent NYC skyline and bridge views

Exclusively Listed By

Listing Price: $5,495,000

Cap Rate
4.40%
Number of Units
11
Occupancy
99.0%
Price/Unit
$499,545
Price/Gross SF
$600.15
Gross SF
9,156

Investment Highlights

  • Built in 1900 and has five stories and 11 units | Mechanicals and Structure in mint condition
  • Pro Forma 5.1% Cap Rate | $522,727 Price/Unit | $628 PSF
  • Ability to re-renovate FM units with 2021 finishes
  • Nearby schools include P.S. 8 Robert Fulton School, Edmund W Gordon Brooklyn Laboratory School and Urban Assembly Institute of Math and Science for Young Women School.
  • Very attractive basis for future condo or single-family conversion with magnificent NYC skyline and bridge views

Investment Overview

Marcus & Millichap is pleased to present at 68 Middagh Street in Brooklyn, New York.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower