Average square foot calculated using Size range provided by listing agent.
Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 1 Block From Atlantic Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3Br. Apt.): $24, 388.56 Ann. Lease Exp.: 6/30/27. Unit 2 (3 BR. Apt.): $22, 850.28 Ann. Lease Exp.: 9/30/26. Unit 3 (3 BR. Apt.): $26, 400 Ann. Lease Exp.: 6/30/26. Unit 4 (3 BR. Apt.): $14, 034.84 Ann.; Lease Exp.: 9/30/26. Unit 5 (3 BR. Apt.): $10, 368.72 Ann.; Lease Exp.: 1/31/27. Unit 6 (3 BR. Apt.): $23, 395.20 Ann.; Lease Exp.: 6/30/24. Unit 7 (1 BR. Apt.): $18, 261.84 Ann.; Lease Exp.: 6/30/25. Unit 8 (1 BR. Apt.): $29, 595.24 Ann.; Lease Exp.: 8/31/27. Unit 9 (1 BR. Apt.): $25, 800 Ann.; Lease Exp.: 12/31/23. Unit 10 (1 BR. Apt.): $21, 313.56 Ann.; Lease Exp.: 2/28/26. Gross Income: $216, 408.24 Ann. Expenses: Gas: $3, 151.60 Ann. Electric: $1, 872.01 Ann. Water + Sewer: $13, 954.38 Ann. Maintenance & Repairs: $250 Ann. Insurance: $4, 359 Ann. Taxes: $13, 050.28 Ann. Total Expenses: $36, 637.27 Ann. Net Operating Income (NOI): $179, 770.97 Ann. (9.22% Cap!!!)Show Description
MLS® Number912144
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1931
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatNatural Gas
A/CWall/Window Unit(s)
Heating Fuel
Extras
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