Commercial Sale in Crown Heights, Brooklyn, NY 11213 | Web ID: PH532938 | $2,250,000

 
Property Description

Calling all investors, developers, & end-users!!! 100% occupied 8 unit apartment building in crown heights for sale!!! The property features excellent signage, great exposure, strong r6/c1-3 zoning, 6 parking spaces, high ceilings, separate meters, low property taxes, all new led lighting, a/c, +++!!! The property is located in the heart of crown heights in between atlantic ave. & eastern pkwy.!!! The property is situated minutes from the barclays center, brooklyn children's museum & the prospect park zoo!!! Neighbors include ups, the home depot, dunkin', cubesmart self storage, walgreens, autozone, planet fitness, blink fitness, gamestop, baskin-robbins, mobil, mcdonald's, mavis discount tire, family dollar, wendy's, white castle, kfc, +++!!! This property offers huge upside potential!!! Income: unit 1r (2 br. Apt. ): $28, 656 ann. M-m. Unit 1l (2 br. Apt. ): $16, 620 ann. M-m. Unit 2r (2 br. Apt. ): $28, 200 ann. Unit 2l (2 br. Apt. ): $28, 200 ann. Unit 3r (2 br. Apt. ): $28, 704 ann. Unit 3l (2 br. Apt. ): $20, 700 ann. Unit 4r (2 br. Apt. ): $27, 600 ann. Unit 4l (2 br. Apt. ): $28, 200 ann. Gross income: $206, 880 ann. Expenses: gas : $5, 000 ann. (heat + hot water only for entire building) electric: $720 ann. Water + sewer: $5, 000 ann. Insurance: $6, 000 ann. Taxes: $16, 010. 16 ann. Total expenses: $32, 730. 16 ann. Net operating income (noi): $174, 149. 94 (7. 74 cap!!! ) , or

Property Information
Location/Town Crown Heights
Area/County Brooklyn
Prop. Type Commercial Sale
Tax $16,010.00
Year Built 1908
Total Units 8
Lot Size 26.42x100
Lot SqFt 2,642
Zoning R61
Tax Lot 76
Units 8
Listing information courtesy of: All Island Estates Realty Corp
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