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

ID: 10693
PACKAGE OF THREE ADJACENT VACANT LOTS FOR SALE

PRIME DEVELOPMENT/USER OPPORTUNITY

opportunity zone

EAST TREMONT AVENUE

EAST TREMONT AVENUE

BRONX PARK AVENUE

BRONX, NEW YORK

Location: East Tremont Avenue between Bronx Park and Morris Park Avenues

Lot Size: 25'.67'' x 51.5' irr (1157 East Tremont Ave)
--------------------32'.25'' x 42' irr (1159 East Tremont Ave)

--------------------25' x 100' (416 Bronx Park Avenue)

Lot Sq. Ft: 4,708
Zoning: (FAR) M1-1: (1.0) Height Limit 30’
Buildable Sq. Ft: 4,708
Assessment: $69,750 (25/26)
Taxes: (25/26) $7,566.52
Description:



The property is an L shape vacant lot with 58’ of frontage on East Tremont Avenue and 25’ of frontage on Bronx Park Avenue. This is a perfect double exposure for any business. East Tremont Avenue is a main commercial corridor in the Bronx with lots of foot traffic from the neighborhood.



A developer can build a one or two story commercial building, which can have a store or restaurant on the first floor and offices above.



The property is also great for a user, the site can be a medical office, a beauty salon or a 24/7 laundry mate. The space would also be great as an adult day care center.



The site has easy access to Manhattan and Brooklyn, the 2 & 5 trains are two blocks away on East 180th Street. This is a high traffic area.



ASKING PRICE: $1,500,000 +fee

ID: 10373
price + fee





ELEVEN STORY 59 UNIT NEWLY BUILT CORNER MIXED-USE BUILDING



EXCELLENT INVESTMENT/USER OPPORTUNITY

PARK AVENUE

NEW YORK, NEW YORK



Location: East 111th Street and Park Avenue


Lot Size: 50' x 201' irr

Building Size:

First Floor:---------50' x 201' = 7,000

Second Floor: ----50' x 201' = 7,000

Third Floor:--------50' x 176' = 6,500

Fourth Floor:------50' x 176' = 6,500

Fifth Floor:---------50' x 176' = 6,500

Sixth Floor:--------50' x 176' = 6,500

Seventh Floor: 50' x 176' = 6,500

Eighth Floor: 50' x 151' = 6,000

Ninth Floor: 50' x 131' = 5,000

Tenth Floor: 50' x 131' = 5,000

Eleventh Floor: 50' x 131' = 5,000

Stories: Eleven (11)

Gross Square Feet: 67,500

Zoning: (FAR) R8A (6.02), R7-2 (3.44) with a C1-4 and C1-5 Overlay (2.0)

Assessment: $6,072,570 (25/26)

Taxes: $129,367.96 35 year tax abatement

A 50’ wide 59 unit eleven (11) story mixed-use corner luxury apartment building. The property has a commercial space on the first and second floors. The upper floors have a mixture of studio, one and two bedroom apartments. The building has 18 rent stabilized units and 41 free market apartments.



The building known as The Pearl On Park Avenue has 24 hour concierge attended lobby. Residents lounge with outdoor terrace, fitness room, and rooftop sundeck. Package room, bike storage, co-working lounge.



The property is a prime investment opportunity, the owner kept the store empty so an investor can put their own commercial tenant in the building. Newly built, low maintenance cost.



The building is also a great user opportunity, they can have their business on the ground floor and occupy one of the units above.



Located in prime East Harlem, the property is one block from the 6 train on Lexington Ave & East 110th Street. This new rental development has lots of demand for the apartments.


ASKING PRICE: $55,000,000

ID 10373



=================================

FOUR STORY BROWNSTONE APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
GATES AVENUE
BROOKLYN, NEW YORK
Location: Gates Avenue between Franklin and Bedford Avenues
Lot Size: 18’ x 120’
Building Size: Basement: 18’ x 45’ = 810 1st Floor: 18’ x 45’ = 810
2nd Floor: 18’ x 45’ = 810
3rd Floor: 18’ x 45’ = 810
4th Floor: 18’ x 45’ = 810
Stories: Four (4)
Gross Square Feet: 3,240 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Square Feet:
R6B (2.0) Height Limit 50’ 4,320

Total Available Air Rights: 1,080

Assessment:
Real Estate Taxes:
$69,814 (25/26) $8,684.16

Description: A 18’ wide eight-unit, four story brownstone apartment building. The property has two studio apartments per floor, except for the
fourth floor which has a one-bedroom apartment to the back, and a studio at the front.
The apartments are big and spacious with a living/eating area, a full kitchen and bathroom. Nice wood floors, the units get great sunlight. The apartments have 10’ ceilings, they are individually metered for
gas and electric. The meters, gas boiler and water heater are in the basement.
The units are rent stabilized with stable cash flow. The property is located on beautiful residential block with mostly brownstone
townhouses and single family homes. Located in prime Bedford
Stuyvesant, which has fine retail stores, restaurants and is under lots of development. The A, C and G trains are each five blocks away.
The property is a prime investment opportunity because the units have stable income. Long term wise, if the tenants leave or are
bought out the units can be converted into floor-through apartments. The property would now be a four unit building, which would take it out of rent stabilization.

The property is also a great user opportunity, a user can occupy
one of the units and leave the other apartments as rental income.
Actual Income:
Unit Description Unit Type Revenue Lxp

First Floor: 1 2
Studio-Apt Studio-Apt
Rent Stabilized Rent Stabilized
$1,225.13 $1,596.50
7/31/26 12/31/26

Second Floor 3 Studio-Apt Rent Stabilized $1,547.36
9/30/26

, 4 Studio-Apt Rent Stabilized $1,829.53 1/31/27

Third Floor 5 6
Fourth Floor 7 8
Studio-Apt
Studio-Apt
Studio-Apt
One Bedroom-Apt
Rent Stabilized Rent Stabilized
Rent Stabilized Rent Stabilized
$1,529.08 $1,858.21
$1,217.07 $2,259.40
4/30/26 7/31/26
2/28/27 11/16/26

Total Monthly Income: $13,062.28 Total Annual Income: $156,747.36
Expenses

Real Estate Taxes: $8,684.16
Water & Sewer: $3,200

Electricity: (Common Areas) Heat (Gas):
$1,250 $4,200

Insurance: $3,200

Repairs & Maintenance: Management: 3%
Super:
Total Expenses:
$2,350
$4,702.42
$2,400.00
$29,986.58
Net Operating Income: $126,760.78

ASKING PRICE: $2,000,000.00 Cap Rate 6.3%

=============================================

THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
WILLOUGHBY AVENUE
BROOKLYN, NEW YORK
Location: Willoughby Avenue Between Central and Wilson Avenues
Lot Size: 20’ x 100’
Building Size: Basement: 20’ x 60’ = 1,200 1st Floor: 20’ x 60’ = 1,200
2nd Floor: 20’ x 60’ = 1,200
3rd Floor: 20’ x 60’ = 1,200
Stories: Three (3)
Gross Square Feet: 3,600 (Approximately)

Zoning: (FAR)
Total Buildable Sq Ft:
R6 (2.2) Height Limit 70’ 4,400

Available Air Rights: 800

Assessment:
Real Estate Taxes:
$54,168 (25/26) $10,748.56

Description: A three story three-unit building. The property has a three-bedroom two bathroom apartment on the first floor. This unit has access to the back yard.
The second floor is a four-bedroom, two bathroom floor-through apartment.
The third floor is also a four-bedroom, two bathroom floor-through apartment.
The units have a full kitchen and full bathroom and are individually metered
for gas and electric. The apartments have their own gas boiler and water
heaters. The meters are in the basement and the boiler and water heater is gas.
The property is a prime investment opportunity, since the units are free
market an investor can add value by updating the units every year. The first
floor can be duplexed with the basement, to create a duplex five bedroom
garden apartment. The air rights allow another unit to be built above the third
floor.
The building is also a great user opportunity, a user can occupy the first floor
and basement, the upper floors can be used for income.
Located in Prime Bushwick, which borders Williamsburg and Bedford
Stuyvesant. The property is three blocks from the M train on Central and
Myrtle Avenues this allows fifteen minutes access to the city.
Income:
Unit Description Unit Type Rev Lxp Projected First Floor: 1 3 Bd Apt Free Market $3,200 $3,500
Second Floor: 2 4 Bd Apt Free Market $3,600 $4,000
Third Floor: 3 4 Bd Apt Free Market $4,200 $4,400 Monthly Income: $11,000 $11,900 Annual Income: $132,000 $142,800
Expenses:

Real Estate Taxes: $10,748.56 Water & Sewer: $2,500.00 Insurance: $2,750.00 Heat (Gas): Paid By Tenants $0.00 Electric: (common areas) $1,200.00

$2,750.00
$19,948.56


Repairs & Maintenance: Total Annual Expenses

Projected Net Operating Income: $122,851.44 CAP RATE: 5.5%
ASKING PRICE: $2,200,000
=============================

30’ WIDE TWO-STORY VACANT MIXED-USE BUILDING FOR SALE EXCELLENT DEVELOPMENT/USER OPPORTUNITY
FULTON STREET
BROOKLYN, NEW YORK
Location: Fulton Street Between Albany and Kingston Avenues

Lot Size:
Lot Sq Ft.
Building Size:
Gross Square footage: Zoning: (FAR)
Total Buildable Square Feet: Air Rights:
Assessment:
Real Estate Taxes:
31’ x 100’
3,100 Square feet
First Floor: 30’ x 46’ = 1,380
Second Floor: 30’ x 46’ = 1,380
2,760
R7D (4.66) with a C2-4 Overlay (2.0) Height Limit 100’ a bonus of 5.60 for inclusionary housing
14,446 (17,360 with inclusionary housing)
11,686 (14,600 with inclusionary housing)
$29,238 (25/26)
$5,801.72

Description: A 30’ wide one-unit, two story mixed-use building. The property has two stores on the first floor, the second floor is a three bedroom apartment in
need of gut renovation. The property is vacant and in need of renovation
and development.
The property is a prime development opportunity. The zoning allows
for a 17,360 square feet building to be built. The first and second floors
can be commercial and the upper floors can be residential. Located on the
same block as the A & C trains and on Fulton Street, which has a lot of
restaurants and retail stores. There will be a lot of demand for the
apartment ounce they are built.
The properties is also a great user opportunity, a user can combine the
stores to make one big store and renovate the apartment above to live in.
ASKING PRICE: $2,750,000




====================================

FOUR STORY APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
OPPORTUNITY ZONE
GROTE STREET
BRONX, NEW YORK
Location: Grote Street between Prospect Avenue and Southern Blvd

Lot Size: 50' x 125'
Building Size:
Basement: ------42' x 77' irr = -3,010 Sq. Ft
Ground Floor: --42' x 77' irr = -3,010 Sq. Ft
Second Floor: --42' x 77' irr = -3,010 Sq. Ft
Third Floor: -----42' x 77' irr = -3,010 Sq. Ft
Fourth Floor: ---42' x 77' irr = -3,010 Sq. Ft
Stories: 4
Gross Square Feet: 12,040 approximately above grade
Zoning:(FAR) R7-1: (3.44) Height Limit 75’ (CF 4.8)
Buildable Square Feet: 20,984 all residential
Air Rights: 8,944
Real Estate Taxes: $21,037.52
Description:



A 42’ wide 12-unit four story apartment building, with seven parking spaces. The basement has a one-bedroom apartment, the first floor has two units, one apartment is a four-bedroom unit and the other is a two-bedroom apartment. Floors two through four each has three apartments. They are two, two-bedroom units, and a one-bedroom apartment. All the units are rent stabilized. The units have a full kitchen and full bathroom, with a living/dining area. The apartments are large and spacious and get great sunlight.



The units are individually metered for cooking gas and electric. All the meters are in the basement. The building has a gas boiler and water heater. The roof is in good condition. New intercom system, upgraded electric and the kitchens and bathroom are renovated. Big common areas, space to put plants and sofa to lounge in.



The property is a prime investment opportunity because an investor can combine them to get them to get more rents. One of the first floor units can be duplexed with the basement to create a duplex garden apartment. The apartments can have their own boilers and water heaters. The garage spaces can be converted into storage space.



The property is also a great development opportunity, if the property where to be vacant it can be developed into a 20,984 square feet condo apartment building. The developer can keep the façade and make some apartments smaller to make space for the elevator and build up.



There would be a lot of demand for the units because the property has easy access to the 2 and 5 trains on Tremont Ave & West Farms Square. The building is right across from the Bronx Zoo, also Sothern Blvd has fine retail and grocery Stores.



The property is also a great user opportunity, a user can combine the first floor units along with the basement to create a big duplex garden apartment. The upper units can be rented for income.



The property is located in an area that’s under a lot of development, and has a strong demand for housing. The area has mostly single and two family homes. A lot of young professionals from the City and other boroughs are looking for housing in the area because the units are big and spacious also via train not far from Manhattan.



All these factors makes the property a prime investment, development and user opportunity.

Net Operating Income: $184,643.94



ASKING PRICE: $2,850,000

ID 10373

=======

THREE STORY NEWLY BUILT THREE FAMILY BUILDING FOR SALE EXCELLENT INVESTMENT/USER OPPORTUNITY
941 BROOKLYN AVENUE
BROOKLYN, NEW YORK
Location: Brooklyn Avenue between Church and Snyder Avenues
Lot Size: 46’ x 77’
Building Size: Basement: 35’ x 31’ = 1,080 1st Floor: 35’ x 31’ = 1,080
2nd Floor: 35’ x 31’ = 1,080
3rd Floor: 35’ x 31’ = 1,080
Stories: Three (3)
Gross Square Feet: 3,240 (Approximately)

Zoning: (FAR)
Total Buildable Sq Ft:
R5 (1.5) Height Limit 40’ 5,419

Total Available Air Rights: 2,179

Assessment:
Real Estate Taxes: Description:
First Floor:
Second Floor: Third Floor:
$64,724 (24/25)
$12,843.20
A 35’ wide three-unit three story newly built building. The property has a front yard, side and backyard which can be used for parking.
The first floor unit is a three bedroom duplex apartment. The unit has a front bedroom, to the back are two bedrooms with one having access to the backyard. To the middle of the apartment is the full kitchen and living/dining area. The apartment also has a public half bathroom. The basement has a big living/reaction area along with a half bathroom. The basement also has access to the backyard. The apartment has it’s own utility room, which was the electric water heater and space for washer & dryer. The HVAC appliance is in each room.
The second floor unit is also a three bedroom apartment. The unit has a bedroom located at the front. To the middle is the full kitchen, and living/dining area. The master bedroom is located to the back along with another bedroom next to it. There is also a public half bathroom along with a room for the electric water heater and washer & dryer.
The third floor unit is also a three bedroom apartment. The unit has a bedroom located at the front. To the middle is the full kitchen, and living/dining area. The master bedroom is located to the back along with another bedroom next to it. There is also a public half bathroom along with a room for the electric water heater and washer & dryer.

The apartments have nice wood floors, good size bedrooms with enough closet space. The bathrooms are beautifully tiled, the kitchens have nice wood cabinets and modern appliances. The units get great sunlight, and the hallways are beautifully tiled
The property is a prime investment opportunity, since the units are free market an investor can add value by updating the apartments every two years to increase the rents. Since the property has 874 square feet of air rights, this can be used to create a duplex apartment for the top unit. The side of the corner wall can be used for bill board marketing.
The building is also a great user opportunity, a user can use the first floor duplex apartment to live in and rent out the upper floors for income.
The property is located on Brooklyn Avenue which has good residential exposure. Church Avenue has all the fine retail stores, the 2 & 5 trains is located on Church & Nostrand Avenue which is six blocks away.
Income:
Unit Description Unit Type Proj Lxp First Floor: 1 3 Bd Apt Duplex Free Market $4,200 Vacant
Second Floor: 2 3 Bd Apt Free Market $3,200 Vacant
Third Floor: 3 3 Bd Apt Free Market $3,200 Vacant Monthly Income: $10,600 Annual Income: $127,200
Expenses:

Real Estate Taxes: $12,843.20 Water & Sewer: $3,200.00 Insurance: $3,200.00 Heat (Electric): Paid By Tenants $0.00 Electric: (common areas) $1,200.00

Repairs & Maintenance: Total Annual Expenses
$1,400.00 $21,843.20

Projected Net Operating Income: $105,356
ASKING PRICE: $2,100,000.00 Cap Rate 5.0%


======================================
THREE STORY NEWLY BUILT THREE FAMILY BUILDING FOR SALE EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN AVENUE
BROOKLYN, NEW YORK
Location: Brooklyn Avenue between Church and Snyder Avenues
Lot Size: 19’ x 100’
Building Size: Basement: 19’ x 55’ = 1,029 1st Floor: 19’ x 55’ = 1,029
2nd Floor: 19’ x 55’ = 1,029
3rd Floor: 19’ x 55’ = 1,029
Stories: Three (3)
Gross Square Feet: 3,088 (Approximately)

Zoning: (FAR)
Total Buildable Square Feet:
R5 (1.5) Height Limit 40’ 3,010

Total Available Air Rights: No Air Rights

Assessment:
Real Estate Taxes: Description:
First Floor:
Second Floor: Third Floor:
$47,280 (24/25)
$9,381.80
A 19’ wide three-unit, three story newly built building. The property has a driveway and a two car garage on the ground floor.
The first floor unit is a three bedroom duplex apartment. The unit has a front bedroom, to the back is a master bedroom which has access to the backyard. Next to it is the third bedroom. To the middle of the apartment is the full kitchen and living/dining area. The apartment also has a public half bathroom. The basement has a big living/reaction area along with a half bathroom. The basement also has access to the backyard. The apartment has it’s own utility room, which was the electric water heater and space for washer & dryer. The HVAC appliance is in each room.
The second floor unit is also a three bedroom apartment. The unit has a bedroom located at the front. To the middle is the full kitchen, and living/dining area. The master bedroom is located to the back along with another bedroom next to it. There is also a public half bathroom along with a room for the electric water heater and washer & dryer.
The third floor unit is also a three bedroom apartment. The unit has a bedroom located at the front. To the middle is the full kitchen, and living/dining area. The master bedroom is located to the back along with another bedroom next to it. There is also a public half bathroom along with a room for the electric water heater and washer & dryer.

The apartments have nice wood floors, good size bedrooms with enough closet space. The bathrooms are beautifully tiled, the kitchens have nice wood cabinets and modern appliances. The units get great sunlight, and the hallways are beautifully tiled
The property is a prime investment opportunity, since the units are free market an investor can add value by updating the apartments every two years to increase the rents.
The building is also a great user opportunity, a user can use the first floor duplex apartment to live in and rent out the upper floors for income.
The property is located on Brooklyn Avenue which has good residential exposure. Church Avenue has all the fine retail stores, the 2 & 5 trains is located on Church & Nostrand Avenue which is six blocks away.
Income:
Unit Description Unit Type Proj Lxp First Floor: 1 3 Bd Apt Duplex Free Market $4,200 Vacant
Second Floor: 2 3 Bd Apt Free Market $3,200 Vacant
Third Floor: 3 3 Bd Apt Free Market $3,200 Vacant Monthly Income: $10,600 Annual Income: $127,200
Expenses:

Real Estate Taxes: $9,381.80 Water & Sewer: $3,200.00 Insurance: $3,200.00 Heat (Electric): Paid By Tenants $0.00 Electric: (common areas) $1,200.00

Repairs & Maintenance: Total Annual Expenses
$1,400.00 $18,381.80

Projected Net Operating Income: $108,818.2
ASKING PRICE: $1,900,000.00 Cap Rate 5.7%