ID 10373
THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
WILLOUGHBY AVENUE
BROOKLYN, NEW YORK
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+ fee
USAPROPERTYSALE@GMAIL.COM
THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
WILLOUGHBY AVENUE
BROOKLYN, NEW YORK
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+ fee
USAPROPERTYSALE@GMAIL.COM
ID 10373
THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
WILLOUGHBY AVENUE
BROOKLYN, NEW YORK
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+ fee
USAPROPERTYSALE@GMAIL.COM
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