2877 West 20th Street$1,350,000
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2877 West 20th Street
Townhouse in Coney Island •  building info
2bd • 8ba • 2,200ft² $614 per ft²
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List Price

$1,350,000

Key Details
Days on market
210
Last price change
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Estimated payment
$8,446
Taxes
$766
Monthly maintenance
N/A
Description
Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! BRP Exclusive! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time

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Building Amenities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,350,000
Asking Price: $1,350,000
Term
30 Years
Down Payment
$135,000 (10%)
Min: 10% (135,000)
Rate
6.5 %
Mortgage Amount
$1,215,000
Mortgage Payment
$7,680
Taxes
$766
Estimated Yoreevo rebate

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Estimated closing cost
$49,000
Total monthly cost $8,446
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Listing Courtesy of Brooklyn Real Property Inc

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