312 Menahan Street
Description
This new development contains six free-market apartments that can be delivered vacant for condo conversions or with a rent roll in place that will earn an approximate 5.4% cap rate.
The building presents a modern aesthetic with a brick and oxidized metal facade.
First floor: floor-through 3BD/2BA
Second floor: floor-through 4BD/2BA
Third floor:...**Unique Investment Opportunity to Earn ~5.5% Cap Rate with Purchase of Brand New Four-Story/Six-Unit Building in Increasingly Popular Bushwick Neighborhood**
This new development contains six free-market apartments that can be delivered vacant for condo conversions or with a rent roll in place that will earn an approximate 5.4% cap rate.
The building presents a modern aesthetic with a brick and oxidized metal facade.
First floor: floor-through 3BD/2BA
Second floor: floor-through 4BD/2BA
Third floor: two 2BD/1BA units
Fourth floor: 2BD/1BA and 1BD/1BA
Each unit comes with private outdoor space, with the back patio being accessed by the residents of the first floor and the built-up rooftop providing private access to the second floor residents. Also within each apartment are a washer/dryer, stainless steel appliances including microwave and dishwasher, central air, and an independent boiler.
312 Menahan Street is located just five minutes from transportation and is situated among the many restaurants, nightlife, and outdoor activities that Bushwick has to offer. The area is up and coming which allows for significant asset appreciation.
Listing Agent
![Eugene Litvak]()
elitvak@compass.comP: (347)-254-5606
Amenities
- Balcony
- Private Terrace
- Common Roof Deck
- Exposed Brick
- Hardwood Floors
- Oversized Windows
- Washer / Dryer in Unit
- Stainless Steel Appliances
Property Details for 312 Menahan Street
| Status | Sold |
|---|---|
| Days on Market | 114 |
| Taxes | $160 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 25.0 |
| Compass Type | Townhouse |
| MLS Type | House/Building |
| Year Built | 1920 |
| Lot Size | 2,050 SF / 21' x 100' |
| County | Kings County |
| Buyer's Agent Compensation | 3% |
Building
312 Menahan St
Location
Building Information for 312 Menahan Street
Payment Calculator
$18,193 per month
30 year fixed, 6.15% Interest
$18,033
$160
$0
Know your buying power with a preapproval and custom rate in minutes
1Property History for 312 Menahan Street
| Date | Event & Source | Price |
|---|---|---|
| 12/03/2020 | Sold Manual | $3,700,000 |
| 12/02/2020 | $3,700,000 +31.7% / yr | |
| 10/01/2018 | Permanently Off Market Manual | — |
| 08/24/2018 | Price Change Manual | $3,395,000 |
| 08/21/2018 | Price Change Manual | $3,100,000 |
| 06/08/2018 | Listed (Active) Manual | $3,700,000 |
| 03/08/2018 | Temporarily Off Market Manual | — |
| 11/13/2017 | Price Change Manual | $7,500,000 |
| 10/12/2017 | Listed (Active) Manual | $8,500,000 |
| 05/23/2017 | Sold ONEKEY #2892434 | $1,400,000 |
| 05/22/2017 | $1,400,000 +8.7% / yr | |
| 01/23/2017 | Contract Signed ONEKEY #2892434 | — |
| 10/25/2016 | Listed (Active) ONEKEY #2892434 | $1,575,000 |
| 01/03/2005 | $499,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 312 Menahan Street
Schools near 312 Menahan Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 116 Elizabeth L Farrell PublicPK to 5 | ||
Jhs 291 Roland Hayes Public6 to 8 | ||
All City Leadership Secondary School Public6 to 12 | ||
Academy for Environmental Leadership Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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