Property Details

Overview

Calling All Investors, Developers, & End-Users!!! 100% Occupied 8 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6/C1-3 Zoning, 6 Parking Spaces, High Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights In Between Atlantic Ave. & Eastern Pkwy.!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, KFC, +++!!! This Property Offers HUGE Upside Potential!!! Income: Unit 1R (2 Br. Apt.): $28, 656 Ann. M-M. Unit 1L (2 Br. Apt.): $16, 620 Ann. M-M. Unit 2R (2 Br. Apt.): $28, 200 Ann. Unit 2L (2 Br. Apt.): $28, 200 Ann. Unit 3R (2 Br. Apt.): $28, 704 Ann. Unit 3L (2 Br. Apt.): $20, 700 Ann. Unit 4R (2 Br. Apt.): $27, 600 Ann. Unit 4L (2 Br. Apt.): $28, 200 Ann. Gross Income: $206, 880 Ann. Expenses: Gas : $5, 000 Ann. (Heat + Hot Water Only For Entire Building) Electric: $720 Ann. Water + Sewer: $5, 000 Ann. Insurance: $6, 000 Ann. Taxes: $16, 010.16 Ann. Total Expenses: $32, 730.16 Ann. Net Operating Income (NOI): $174, 149.94 (7.74 Cap!!!) , or