MISSOURI 50+ UNITS ST LOUIS
(10709)

QUEENS 20+ UNITS
ELMHURST
(10669)

BROOKLYN NY
15 MULTI UNIT PROPERTIES

BRONX NY DEVELOPMENT SITES
PRIME LOCATIONS

Commodities: Gold, Silver, Platinum
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ID: 10867
price + fee
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THREE STORY TWO UNIT BUILDING FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
DECATUR STREET
BROOKLYN, NEW YORK
Location: Decatur Street between Saratoga Avenue and Thomas S. Boyland Street

Lot Size: 19’ x 100’
Building Size: 1st Floort: 19’ x 45’ = 855 2nd Floor: 19’ x 45’ = 855
3rd Floor: 19’ x 45’ = 855
Stories: Three
Gross Square Feet: 2,565 (Approximately) Above Grade
Zoning: (FAR) R6 (2.2) Height Limit 55’

Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
:
4,180
1,615
$19,130 (25/26)
$3,796.00

A 19’ wide 2-unit three story building in need of gut renovation. The first and second floor is a three bedroom garden apartment. The third floor is a two-bedroom floor through apartment. The units have a full kitchen and bathroom along with a living/dining area. The property
has 9’ ceilings on all the floors and is individually metered for gas and electric.
The property is a prime development opportunity, a developer can renovate the building and convert it to a three or four family building. A user will like the property because they can live on the first floor and rent out the second and third floors. The property is located in an area that has a lot of development. The J & Z trains are on Chauncey Street and broadway
price 1,250,000 + fee

ID 10867



THREE STORY VACANT TWO UNIT BUILDING FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
DECATUR STREET
BROOKLYN, NEW YORK
Location: Decatur Street between Saratoga Avenue and Thomas S. Boyland Street

Lot Size: 19’ x 100’
Building Size: 1st Floor: 19’ x 45’ = 855 2nd Floor: 19’ x 45’ = 855
3rd Floor: 19’ x 45’ = 855
Stories: Three
Gross Square Feet: 2,565 (Approximately) Above Grade
Zoning: (FAR) R6 (2.2) Height Limit 55’

Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
:
4,180
1,615
$29,132 (25/26)
$5,780.68

A 19’ wide 2-unit three story building in need of gut renovation. The first and second floor is a three bedroom garden apartment. The third floor is a two-bedroom floor through apartment. The units have a full kitchen and bathroom along with a living/dining area. The property
has 9’ ceilings on all the floors and is individually metered for gas and electric.
The property is a prime development opportunity, a developer can renovate the building and convert it to a three or four family building. A user will like the property because they can live on the first floor and rent out the second and third floors. The property is located in an area that has a lot of development. The J & Z trains are on Chauncey Street & Broadway.

price 1,250,000 + fee

ID 10867



THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
EAST 46TH STREET
BROOKLYN, NEW YORK
Location: East 46th Street between Clarkson Avenue and Lenox Road

Lot Size: 25’ x 100’
Building Size: Basement: 20’ x 62’ = 1,240 sq. ft.
1st Floor: 20’ x 62’ = 1,240 sq. ft.
2nd Floor: 20’ x 62’ = 1,240 sq. ft.
3rd Floor: 20’ x 62’ = 1,240 sq. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 3,720 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R5: (1.5) Height Limit 40’
3,750
30
$114,166 (25/26)
$14,201.12
A 20’ wide 6-unit three story apartment building. The units are located to the front and back of the property. The first floor front unit is a studio apartment, all the other units are one-bedroom apartments. The units have a living/ dining area a full kitchen and full bathroom. All the units are rent stabilized. They are individually metered for cooking gas and electric. All the meters are in the basement which has 7’ ceilings. The building has a new gas boiler, water heater, drive - way with two parking spaces. The basement has a floor-through apartment.
The property is a prime investment opportunity because it has stable cash flow. Value can be added by up-dating the common areas and stairs. The lot size gives the property the potential to be developed into a condo apartment building.
The property is also a great user opportunity, a user can take an apartment on the first floor and duplex it with the basement. The upper floor units can be rented for income.
The property is located one a nice residential block with mostly single and two family homes, the area is quiet and family oriented.

Located right off Clarkson Avenue, the property has access to
Bobby’s Department store, Walgreens, Chase Bank and many retail
stores. The 46 Bus runs along Utica Avenue, to Eastern Parkway, to
the 2, 3, 4 & 5 trains. All these factors gives the apartments high
demand in the area.
Revenue:
Unit Description Unit Type Revenue LXP


First Floor: 1F 1R
Second Floor: 2F 2R
Studio Apt Rent Stabilized 1- Bedroom Apt Rent Stabilized
1- Bedroom Apt Rent Stabilized 1- Bedroom Apt Rent Stabilized
$1,200 $957
$1,041 $900


Third Floor: 3F 1- Bedroom Apt Rent Stabilized $995 3R 1- Bedroom Apt Rent Stabilized $1,650

Monthly Inc:
$6,743

Annual Inc: $80,916


Expenses:

Real Estate Taxes: $14,201.12 Water & Sewer: $3,200.00 Insurance: $2,000.00 Heat (Gas): $3,750.00 Electric: (common areas) $1,000.00

Repairs & Maintenance: Total Annual Expenses
$2,200.00 $26,351.12

Net Operating Income: $54,564.88 CAP RATE: 4.7%
ASKING PRICE: $1,150,000

ID 10867




50’ WIDE FOUR STORY BRICK APARTMENT BUILDING FOR SALE PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY
WINTHROP STREET
PRIME PROSPECT-LEFFERTS GARDENS
BROOKLYN, NEW YORK
Location: Winthrop Street between Flatbush and Bedford Avenues

Lot Size: 50’ x 123’
Building Size: Basement: 50’ x 50’ = 2,500 sq. ft. First Floor: 50’ x 50’ = 2,500 sq. ft.
Second Floor: 50’ x 50’ = 2,500 sq. ft.
Third Floor: 50’ x 50’ = 2,500 sq. ft.
Fourth Floor: 50’ x 50’ = 2,500 sq. ft.
10,000 Sq. Ft Above Grade
12,500 Sq. Ft. Below Grade
Stories: Four (4) Plus Basement
Gross Square Feet: 10,000 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
R6: (2.43) Height Limit 55’ 14,945
4,945
$181,715 (24/25)
$22,714.40

Description: A 50' wide 9-unit four story brick apartment building. The basement has a one-bedroom apartment with storage space. The
second floor has two units, they are each three-bedroom
apartments with a full kitchen, a full bathroom and living room.
The third floor has two units, they are each three-bedroom
apartments with a full kitchen, a full bathroom and living room.
The fourth floor has two units, they are each three-bedroom
apartments with a full kitchen, a full bathroom and living room.
The building has a front yard along with a back yard and five
garages with six parking spaces along with a shared drive way.
The property is individually metered for gas and electric all the
meters are in the basement. The boiler and water heater is gas, the
roof is new.
The property is located in Prospect-Lefferts Gardens which is under
a lot of development because of it's proximity to Prospect Park and
access to the 2, 5 and Q trains.
The property is a great investment/development opportunity because they have big and spacious bedrooms when the tenants vacate the units there will be a lot of demand for them. The basement has enough space to create another one-bedroom apartment. The six parking spaces can be converted into storage space or live-work space. There is the potential to add value by duplexing the apartments. The first floor can be duplexed with the basement to create two duplex garden apartments. The second and third floor can be duplexed to create two duplex apartments and the fourth floor can be duplexed by using the air rights to create a fifth floor. The property can have a total of six free market units.
Once the building is vacant you can reconfigure the units instead of two-three bedroom apartments per floor, you can have three units per floor. They can be a one-two bedroom apartment and two, two-bedroom apartments. They rent much faster than the three-bedroom apartments.
The first parking space tenant is a lady from PA she pays $100 per month.
The second parking space tenant is Joycelyn apartment 1A on the first floor she pay $60 per month. The third parking space is Jean Carter apartment 2A on the second floor he pays $100 per month. The fouth parking space is Mrs. Carter’s friend he also pays $100 per month.
The fifth parking space is a lady across the street, she pays $100 per month.
Revenue:
Unit Description Unit Type Revenue Proj

First Floor: 1A 1B
3-Bedroom Apt 3-Bedroom Apt
Rent Stabilized Rent Stabilized
$1,250.00 $988.00
$4,500 $4,500
Second Floor: 2A 2B
3-Bedroom Apt 3-Bedroom Apt
Rent Stabilized Rent Stabilized
$650.42 $706.45
$4,250 $4,250

Third Floor: 3A 3-Bedroom Apt Rent Stabilized $1,000.00 $3,750 3B 3-Bedroom Apt Rent Stabilized $200.87 $3,750
Fourth Floor: 4A 3-Bedroom Apt Rent Stabilized $1,353.10 $3,500 4B 3-Bedroom Apt Rent Stabilized $565.00 $3,500
Basement: 1 1-Bedroom Apt Rent Stabilized $538.65 $2,500

Monthly
Income:
Income From Parking:
$7,252.49 $34,500 $460 $2,369

Total Monthly Income:
Annual
Income:
$7,712.49 $92,549.88
$36,869 $442,428

Expenses:

Real Estate Taxes: $22,714.40 Water & Sewer: $7,500.00 Insurance: $3,200.00 Heat (Gas): $8,500.00

Electric: (common areas) Repairs & Maintenance:
$2,300.00 $2,500.00

Total Annual Expenses $46,714.40
Net Operating Income: $395,713.6 CAP RATE: 33%
ASKING PRICE: $1,200,000