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Rental Property Partial Ownership in Booming Brooklyn, NY!

$ 150,000 /min investment
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28
ARV
Seller's estimated After Repaired Value (ARV). Your ARV will depend on your plans for the property. Always do your own due diligence. Then make an offer.
$1,550,000
Price
Seller's asking price. Your negotiation starts here. Make an offer. You may get a counter-offer to start negotiations. Make enough offers and you'll get some accepted.
$150,000
Repairs
Seller's repair estimate. Your repair budget will depend on your experience and on your plans for the property. Always best to visit the property to finalize your numbers. Then make an offer.
$200
Zestimate©
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.
$1,447,697
Comps
Comps are similar homes that have recently sold close to the subject property. Make sure to compare differences in size, condition, and features.
$1,317,404 - $1,606,944
Rent Zestimate©
A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.
- / Month

Subject Property and Comparables

             
# Address Beds/Baths Sq. ft. Last Sale Date Last Sale Price
1
531 79th St
7 / 3.0 2475 02/08/2021 $1,250,000
2
311 83rd St
3 / 3.0 12/31/2020 $1,100,000
3
362 85th St
5 / 3.0 2170 12/28/2020 $1,100,000
4
416 Bay Ridge Ave
7 / 5.0 01/26/2021 $998,000
5
229 Battery Ave
3 / 2.0 2523 12/01/2020 $980,000
6
331 88th St
3 / 2.0 2250 02/08/2021 $950,000
7
632 78th St
/ 3135 05/12/2020 $558,666

Description

Offering membership units in a profitable Bayridge Brooklyn Rental Property LLC.

  • Owned for ~14 years
  • 100% Occupied
  • 4.5% CAP Rate
  • 4% Average Annual Appreciation

Seeking at least one LLC Member to be a General Contractor to fund and manage rehab and ongoing maintenance.

Address: 318 85th Street
City:
Area:
State/County:
Zip: 11209
Country: United States
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Property Id : 32890
Price: $ 150,000 /min investment
Property Size: 3 600,00 ft2
Rooms: 17
Bedrooms: 5
Bathrooms: 3.75
Repairs Estimate?: 200
After Repaired Value: 1550000
If Rented, Monthly Rent?: 6175
NOI (Net Operating Income): 4
walkscore4 / Car-Dependent more details here

Active Life

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Shopping

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Transportation

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