297 Troutman Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11237

Investment Figures

Cap rate
6.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 297 Troutman Street, an opportunity to acquire a fully occupied, free-market 8-unit multifamily building in the heart of Bushwick, Brooklyn. The 6,500 square foot property is configured with spacious box-layout apartments and benefits from strong in-place cash flow with additional upside through rent growth to market levels. 297 Troutman sits on a 25’ x 100’ lot, Investment Highlights: • 297 Troutman Street, built in 1959, is a 8-unit multifamily asset, approx. 6,500 SF. • 100% Fair Market | Tax Class: 2B | Zoning: R6 • 297 Troutman Street is in close proximity to the L Subway Jefferson St and Morgan Ave stops.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

Contact

  • Michael Salvatico

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