Calling All Investors, Developers & End-Users!!! 11.2 Cap 19 Unit Apartment Building With R6 Zoning In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 8' Ceilings, R6 Zoning, (5) 2 Br. Apts., (14) 1 Br. Apts., Basement, Large Rear Yard, 4 Stories, All New LED Lighting, 3 Phase Power, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just Off Linden Blvd. & Kings Hwy.!!! Neighbors Include Chase Bank, Citibank, USPS, FedEx, BJ's Wholesale Club, Public Storage, AutoZone, Dunkin', Walgreens, Mavis Discount Tire, Key Food, Dollar Tree, McDonald's, Wendy's, Burger King, Wingstop, Bojangles, Raising Cane's, KFC, +++!!! The Building Has 60 Feet Of Frontage On E 94th Street!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!!
Income:
Unit 1A (1 Br. Apt.): $10,737.84 Ann.; Lease Exp.: 10/31/26.
Unit 2A (2 Br. Apt.): $19,105.44 Ann.; Lease Exp.: 10/31/27.
Unit 3A (1 Br. Apt.): $13,380.12 Ann.; Lease Exp.: 10/31/26.
Unit 4A (2 Br. Apt.): $16,594.32 Ann.; Lease Exp.: 10/31/26.
Unit 1B (1 Br. Apt.): $16,454.04 Ann.; Lease Exp.: 5/31/26.
Unit 2B (1 Br. Apt.): $19,712.88 Ann.; Lease Exp.: 10/31/26.
Unit 3B (2 Br. Apt.): $10,769.40 Ann.; Lease Exp.: 10/31/26.
Unit 4B (1 Br. Apt.): $16,333.80 Ann.; Lease Exp.: 10/31/26.
Unit 5B: (1 Br. Apt.): $12,986.52 Ann.; Lease Exp.: 5/31/25.
Unit 1C (1 Br. Apt.): $15,616.20 Ann.; Lease Exp.: 4/30/27.
Unit 2C (1 Br. Apt.): $13,115.52 Ann.; Lease Exp: 10/31/26.
Unit 3C (2 Br. Apt.): $14,472.48 Ann.; Lease Exp.: 9/30/26
Unit 4C (1 Br. Apt.): $16,530.48 Ann.; Lease Exp.: 10/31/27.
Official Rent: $18,794.28 Ann.
Unit 5C (1 Br. Apt.): $10,005.48 Ann.; Lease Exp.: 5/31/26.
Unit 1D (1 Br. Apt.): $18,774.96 Ann.; Lease Exp.: 10/31/27.
Official Rent: $24,246.36 Ann.
Unit 2D (1 Br. Apt.): $13,990.44 Ann.; Lease Exp.: 6/30/26.
Unit 3D (2 Br. Apt.): $15,121.32 Ann.; Lease Exp.: 6/30/26.
Unit 4D (1 Br. Apt.): $11,751.24 Ann.; Lease Exp.: 10/31/26.
Unit 5D (1 Br. Apt.): $11,920.08 Ann.; Lease Exp.: 7/31/26.
Expenses:
Gas: $8,400 Ann.
Electric: $3,600 Ann.
Insurance: $14,000 Ann.
Taxes: $66,610.88 Ann.
Total Expenses: $92,610.88 Ann.
Gross Income: $277,372.56 Ann.
Pro Forma Net Operating Income (NOI): $184,761.68 Ann. (11.2% Cap!!!)