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 1. For Sale
 2. Multifamily
 3. NY
 4. New York
 5. Value-Add Multifamily LP Investment Opportunity in Brooklyn
    


Street View
Gallery 1
Map View



VALUE-ADD MULTIFAMILY LP INVESTMENT OPPORTUNITY IN BROOKLYN

Multifamily
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LISTING CONTACTS

 * Jordan Gorjian Pro
   License: US
   Phone Number:  Sign Up  or  Log In  to see phone number
   View my profile
   


ACTIVE

Asking Price:Unpriced

Deal terms are not currently defined. Request your own specific terms when
submitting a non-binding offer.

Learn more


SCHEDULE A TOUR

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Address 


FLUSHING AVE, NEW YORK, NY 11206

Show on Map
Date Added
May 10, 2023
Days on Market
8 days
Time Since Last Update
8 days


DETAILS

Property TypeMultifamily
SubtypeApartment Building


MARKETING DESCRIPTION

We're purchasing an off-market multifamily property in the Bushwick area of
Brooklyn from a local real estate owner where their rents are +/- 16.50% below
the market. Our intention is to bring the units up to market rent over the next
2 years and see organic rent growth thereafter. That said, we're requesting LP
equity for our 7 year hold.



Deal Highlights:



• Assumable Debt: 60% LTV at 3.90% (fixed for another 4 years)

• Going in Cap Rate: 6.49%

• Stabilized YOC (Year 4): 8.00%

Targeted (project level) returns:



• IRR: 18%

• Equity Multiple: 2.62x

• Hold Period: 7 Years



We’re seeking investors to invest as an LP in our deal. We’re raising anywhere
from $250,000 to $2,450,000.


INVESTMENT HIGHLIGHTS

We’re seeking investors to invest as an LP in our deal. We’re raising anywhere
from $250,000 to $2,450,000.


VALUATION CALCULATOR

Purchase Price
Net Operating Income
Down Payment




Interest Rate
Term (years)
Loan Amount

$--
Annual Debt Service

$--
$-- /mo
Annual Cash Flow

$--
$-- /mo

VALUATION METRICS


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--
DSCR

--
Cap Rate

--
ROI



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DEMOGRAPHIC INSIGHTS


INTELLIGENCE
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1 mile

3 miles

5 miles



Household Income
Median Income
$
Estimate
0%
Growth Rate


Age Demographics
Median Age
Estimate
0%
Growth Rate


Number of Employees
Top 5 Employment Categories


Housing Occupancy Ratio


Renter to Homeowner Ratio



LOCATION INSIGHTS




CLIMATE FACTORS


Flood Risk

Fire Risk



Flood Risk ⓘ


--------------------------------------------------------------------------------

Depth of Flood Water (ft.)
Based on a 1% chance that any flooding will occur this year.
 * Less than 0.5 ft
 * 0-1 ft
 * 1-2 ft
 * 2-3 ft
 * More than 3 ft
   


*All information is deemed reliable but not guaranteed. Buyer to verify all
information.
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The Loan Amount is your Purchase Price minus the Down Payment.
Debt Service is the cash required to pay back the principal and interest of
outstanding debt for a particular period of time.
Your Cash Flow is the Net Operating Income (NOI) minus the Debt Service.
Debt Service Coverage Ratio (DSCR) is a measure of the cash flow available to
pay current debt obligations. It is calculated by dividing the Annual Debt
Service from the NOI
Capitalization Rate (Cap Rate) is calculated by dividing a property's Net
Operating Income by the current market value or your anticipated Purchase Price.
Your Return on Investment or cash-on-cash return measures the amount of cash
flow relative to the amount of cash invested in a property investment and is
calculated by dividing the Down Payment from the Annual Cash Flow
Provided by Risk Factor