9,605 SF | 7.6% Cap Rate | Rent Stabilized | 734-738 Miller Ave | Portfolio Sale

734-738 Miller Ave Brooklyn, NY 11207

734-738 Miller Ave, Brooklyn, NY, 11207
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,399,000
Last Verified:
Oct 14, 2022


Description

Fully Rented 12 Unit Multi Family Property For Sale.
The building is in decent condition and has a strong cash flow.
100% occupied

Located in the East New York neighborhood of Brooklyn between New Lots Ave & Hegeman Ave near the Van Siclen Ave subway station.

Within two block radius of the 2, 3, 4, & 5 trains at Van Siclen Ave and the B83 and B13 bus. Belt Parkway is a short drive.

Nearby tenants include Dollar Tree, Burger King, Planet Fitness, Walgreens, Chase Bank, Family Dollar, White Castle, City Fresh Market, Popeyes, Food Bazaar, and more!


Year Built: 1930
Building Size: 9605sq ft
Lot Size: 0 acres


Documents

Sale_Brochure

Map of 734-738 Miller Ave, Brooklyn, NY, 11207

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.