id 3929


++++++++++++++


FOUR STORY FOUR UNIT BUILDING
EXCELLENT USER/INVESTMENT OPPORTUNITY

BROOKLYN, NEW YORK
near Skillman Avenue

Lot Size: 23’ x 97’ irr
Building Size: Basement: 23’ x 52’ irr = 988 1st Floor: 23’ x 52’ irr = 988
2nd Floor: 23’ x 52’ irr = 988
3rd Floor: 23’ x 52’ irr = 988
4th Floor: 23’ x 52’ irr = 988
Stories: Four (4)
Gross Square Feet: 3,952 (Approximately)

Zoning: (FAR)
Total Buildable Square Feet:
R6B (2.0) Height Limit 50’ 3,304

Total Available Air Rights: No Air Rights

Assessment:
Real Estate Taxes:
$148,340 (23/24)
$18,545.48
A 18’ wide four-unit four story building. The property has a two bedroom duplex apartment on the ground floor. The unit has two full bathrooms along with a half bathroom. There is a living/dining area along with the full kitchen. This apartment has access to the back yard.
Floors two through fourth each is a three-bedroom floor-through apartment. The apartments have two full bathrooms along with a full kitchen a living/dining area. All the apartments have nice wood floors, the bedrooms are spacious with a good size closet. The kitchens have stainless steel appliances, along with a washer & dryer, microwave and dishwasher.
There is common hallway storage closets. The apartments are individually metered for gas and electric. The tenants pay their own heat & hot water. The property is located two blocks from Metropolitan Avenue which has nice restaurants and brand name retail stores. The L train is two blocks away on Metroplitan & Graham Avenue.
The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper three floors.
The property is a prime investment opportunity, because the units are renovated and free market this will allow an investor to always rent them

out at full market value.
Income:
Unit Description Unit Type Rev Projected Lxp First Floor: 1 2 Bd Duplex Free Market $4,750 $5,000 1/25
Second Floor: 2 3 Bd Apt Free Market $4,300 $4,900 7/24
Third Floor: 3 3 Bd Apt Free Market $4,900 $5,000 7/24
Fourth Floor: 4 3 Bd Apt Free Market $5,100 $5,300 6/25 Projected Monthly Income: $19,050 $20,200 Projected Annual Income: $228,600 $242,400
Expenses:

Real Estate Taxes: $18,545.48 Water & Sewer: $2,400.00 Insurance: $4,000.00 Heat & Cooking (Gas): Paid By Tenants $0.000 Electric: (common areas) $1,200

Repairs & Maintenance:
Total Annual Expenses
Net Operating Income: $214,454.52

ASKING PRICE: $3,550,000 Cap Rate 6.0%
$1,800.00 $27,945.48
id 3929 ++++++++++++++ FOUR STORY FOUR UNIT BUILDING EXCELLENT USER/INVESTMENT OPPORTUNITY BROOKLYN, NEW YORK near Skillman Avenue Lot Size: 23’ x 97’ irr Building Size: Basement: 23’ x 52’ irr = 988 1st Floor: 23’ x 52’ irr = 988 2nd Floor: 23’ x 52’ irr = 988 3rd Floor: 23’ x 52’ irr = 988 4th Floor: 23’ x 52’ irr = 988 Stories: Four (4) Gross Square Feet: 3,952 (Approximately) Zoning: (FAR) Total Buildable Square Feet: R6B (2.0) Height Limit 50’ 3,304 Total Available Air Rights: No Air Rights Assessment: Real Estate Taxes: $148,340 (23/24) $18,545.48 A 18’ wide four-unit four story building. The property has a two bedroom duplex apartment on the ground floor. The unit has two full bathrooms along with a half bathroom. There is a living/dining area along with the full kitchen. This apartment has access to the back yard. Floors two through fourth each is a three-bedroom floor-through apartment. The apartments have two full bathrooms along with a full kitchen a living/dining area. All the apartments have nice wood floors, the bedrooms are spacious with a good size closet. The kitchens have stainless steel appliances, along with a washer & dryer, microwave and dishwasher. There is common hallway storage closets. The apartments are individually metered for gas and electric. The tenants pay their own heat & hot water. The property is located two blocks from Metropolitan Avenue which has nice restaurants and brand name retail stores. The L train is two blocks away on Metroplitan & Graham Avenue. The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper three floors. The property is a prime investment opportunity, because the units are renovated and free market this will allow an investor to always rent them out at full market value. Income: Unit Description Unit Type Rev Projected Lxp First Floor: 1 2 Bd Duplex Free Market $4,750 $5,000 1/25 Second Floor: 2 3 Bd Apt Free Market $4,300 $4,900 7/24 Third Floor: 3 3 Bd Apt Free Market $4,900 $5,000 7/24 Fourth Floor: 4 3 Bd Apt Free Market $5,100 $5,300 6/25 Projected Monthly Income: $19,050 $20,200 Projected Annual Income: $228,600 $242,400 Expenses: Real Estate Taxes: $18,545.48 Water & Sewer: $2,400.00 Insurance: $4,000.00 Heat & Cooking (Gas): Paid By Tenants $0.000 Electric: (common areas) $1,200 Repairs & Maintenance: Total Annual Expenses Net Operating Income: $214,454.52 ASKING PRICE: $3,550,000 Cap Rate 6.0% $1,800.00 $27,945.48
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