Coney Island Brick legal 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 blocks away -Near train, shopping off Neptune Avenue! Steps to beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time
Details:
Families:
8
Bedrooms:
2
Bathrooms:
8
Property Type:
Hi Ranch
Rooms:
18
Outdoor Space:
Cement
Lot Size:
20 x 1118
Financials:
Price:
$1,500,000
Taxes:
$9,996
Brooklyn Real Property, Inc. Jean-Paul Ho Owner Direct: 1-718-875-8899 Office: 718-875-8899
