Calling All Investors, Developers, & End-Users!!! 8.35 Cap 7 Unit Apartment Building In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, High Ceilings, (3) 3 Br. Apartments, (3) 4 Br. Apartments, Basement, Private Driveway, 6 Parking Spaces, Rear Yard, 3 Phase Power, Strategically Placed Curb Cut, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of East Flatbush 3 Blocks Off Linden Blvd.!!! The Property Is Situated Between Kings Theatre, The Brooklyn Museum, The Wyckoff House Museum & The Brooklyn Children's Museum!! The Property Has 30' Of Frontage On East 52nd Street!!! Neighbors Include Starbucks, UPS, CubeSmart Self Storage, Extra Space Storage, Public Storage, ShopRite, Staples, Michael's, Dunkin', Walgreens, Mavis Discount Tire, Shake Shack, McDonald's, Wendy's, Bojangles, Raising Cane's, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1F (3 Br., 1 Bath): $30,000 Ann.; Lease Exp.: 11/30/26.
Apt. 1R (4 Br., 1 Bath): $11,941.56 Ann.; Lease Exp.: 1/31/28.
Apt. 2F (3 Br., 1 Bath): $18,930.96 Ann.; Lease Exp.: 1/31/27.
Apt. 2R (4 Br., 1 Bath): $20,123.16 Ann.; Lease Exp.: 5/31/28.
Apt. 3F (3 Br., 1 Bath): $34,200 Ann.; Lease Exp.: 4/30/27.
Apt. 3R (4 Br., 1 Bath): $31,575 Ann.; Lease Exp.: 4/30/27.
LL: $18,000 Ann. M-M.
Gross Income: $164,770.68 Ann.
Expenses:
Electric: $8,546.13 Ann.
Water & Sewer: $8,475.60 Ann.
Insurance: $5,023.70 Ann.
Taxes: $15,116 Ann.
Total Expenses: $45,796.92 Ann.
Net Operating Income (NOI): $118,973.76 Ann. (8.35% Cap!!!)