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706 Manhattan Avenue
About This Property
The apartments are free market with month to month leases and potentiality can be deliver vacant. Each apartment is floor through and feature 3 bedroom, 1 bath. Upon entering, you'll be greeted by the charm of bay windows that flood the interior with natural light, complementing the beautiful hardwood floors throughout. Each unit features spacious walk-in closets, ensuring ample storage for all residents. The building have extra storage and laundry in the basement.
The store front leased for 10 years and have a successful bar operating. The bar have a basement and private yard.
For added convenience and security, the property is equipped with a voice intercom system, allowing for seamless communication and peace of mind. With a walk-up layout, accessibility is effortless for all occupants.
Located in a prime Brooklyn location, this property offers a unique opportunity for multi-family living or investment potential. Don't miss the chance to own this remarkable mix use building with endless possibilities! Schedule a showing today and experience the allure of urban living at its finest.
Appraisal report and set up available upon request.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2024 | Listed by Compass | $3,400,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017