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!!!)