Corcoran Group is pleased to offer a unique 3 building portfolio deal on the boarder of Borough Park and Kensington at 159 Tehama, 1239 36th Street and 1243 36th Street.1239 36th Street and 1243 36th Street respectively have 6 apartments (12 combined) and 159 Tehama Street have 16 apartments. Each apartment is $258,928! and the apartments are in exceptional condition with a majority of the apartments showcasing stainless steel appliances, exposed brick and quality finishes.At the current asking price, the property is generating a cap rate of 4.82% This 28 apartment portfolio deal grosses $519,652.80 per year!

Total square footage combined for each building is 28,872.

Here are the breakdown of each building:

1239 36th Street:
Block: 5308 Lot: 43
Property Characteristics:Lot Area: 2,435 sq ft (24' x 106.58') of Buildings: 1
Year built: 1931
Building frontage: 24' (Building frontage along the street measured in feet.)
# of floors: 3
Building Area: 4,824 sq ft
Total Units: 6
Residential Units: 6
Primary zoning: R5
Commercial Overlay: None
Floor Area Ratio: 1.98Max.
Allowable Residential FAR: 1.25 Max
Allowable Commercial FAR: 0Max.
Allowable Facility FAR: 21243

1243 36th Street:

Block: 5308 Lot: 42
Property Characteristics:Lot Area: 2,355 sq ft (24' x 103.5')
# of Buildings: 1 Year
built: 1931Building frontage: 24' (Building frontage along the street measured in feet.)
# of floors: 3 Building Area: 4,824 sq ft
Total Units: 6
Residential Units: 6
Primary zoning: R5
Commercial Overlay: None
Floor Area Ratio: 2.05Max.
Allowable Residential FAR: 1.25Max.
Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 2

159 Tehama Street:

Block: 5308 Lot: 1
Property Characteristics:Lot Area: 3,252 sq ft (54.75' x 119.67')
# of Buildings: 1
Year built: 1931
Building frontage: 54' (Building frontage along the street measured in feet.)
# of floors: 4
Building Area: 19,224 sq ft
Total Units: 16 Residential Units: 16
Primary zoning: R5
Commercial Overlay: None
Floor Area Ratio: 5.91
Max. Allowable ResidentialFAR: 1.25
Max.Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 2

Property Details of 1239-1243 36th Street, Unit NA

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Listed by Santo Rosabianca of Corcoran Group

Based on information submitted to REBNY as of May 21, 2022 6:19 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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