Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building located at 20 Menahan Street in the Bushwick neighborhood of Brooklyn. The property is located between Evergreen and Bushwick Avenue.

The 25 ft x 72 ft, three-story building, has six apartments totaling 5,400 SF.  Fully occupied, the property has a projected gross income of $138,928 and an NOI of  $91,737.

At asking price, the property is offered at $176/Gross SF, a ~9.66% cap rate.

Located just off Broadway Avenue, the building provides great access to a plethora of new retail options. Some highlights nearby include Bar Cornelia, The Buren, Caffeine Underground, The Broadway, Blink Fitness, and many more.

20 Menahan Street is ideally located in very close proximity to Gates Avenue and Kosciuszko St subway stations, which service the J and Z lines.