Call Today

718-945-8872

Just Sold!

Brooklyn, NY 11222

[Brooklyn Real Estate, listing number 6656585]
Description: 6656585
   25 x 100 Lot on Mc Guinness Blvd M-1 Zoning Two separate structures on the lot-- ~1200sf single story commercial building in front-- garage, workshop, retail, etc rent approximately $5,000/month Tenant pays all utilities/ separate meter Back Building 2 story frame house approximately 825sf per floor - 1650sf total 5 units ranging from very small studio to jr 1 bed Actual Current Rents 4 studios -- $1400 / $1000 / $1300 / $1250 2 apartments -- $1800 / $950 Can be delivered with tenants Landlord pays electric as one meter for building Gross Income: ~$144,000 a year Expenses Taxes $5,600 Insurance $2,840 Heat / Electric $6,000 Water $2,000 Subtotal $16,440 NOI ~$128,000 per year @ $2.25mm -- 5.7% cap

Details:
   Property Type: OTHER
   Square Feet: 3000
   Lot Size: 25x100
   Built: 1916

Financials:
   Price: $2,150,000
   Taxes: $5,600

Robin Shapiro Realty
Office
Office: 718-945-8872

Contact