id 3929




THREE STORY RENOVATED BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: near Leonard Street

Lot Size: 16’ x 86’
Building Size: Basement: 16’ x 50’ = 800 1st Floor: 16’ x 50’ = 800
2nd Floor: 16’ x 50’ = 800
Stories: Two (2)
Gross Square Feet: 1,600 (Approximately)
Zoning: (FAR) R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 50’

Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
5,734
4,134
$19,348 (23/24) $3,886

Description: A 16’ wide three-unit three story building. The property has a three bedroom, with two full bathrooms on the ground floor. The unit has a
living/dining area and a full kitchen. This apartment has access to the back
yard.
The second and third floor each is a three-bedroom floor-through
apartment. The apartments have two full bathrooms, 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 property is located one block from
Graham Avenue which has nice restaurants and brand name retail stores.
The L train is also on Graham Avenue & Metropolitan Avenue.
The building is a great user opportunity, a user can live on the ground
floor apartment and rent out the upper two 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 3 Bd Apt Free Market $3,900 $4,200 6/25
Second Floor: 2 3 Bd Apt Free Market $5,100 $5,500 2/25
Third Floor: 3 3 Bd Apt Free Market $6,300 $6,500 6/25 Projected Monthly Income: $15,300 $16,200 Projected Annual Income: $183,600 $194,400
Expenses:

Real Estate Taxes: $3,886.00 Water & Sewer: $1,800.00 Insurance: $4,000.00 Heat (Gas): $4,500.00 Electric: (common areas) $1,200.00

Repairs & Maintenance:
Total Annual Expenses
Net Operating Income: $177,214

ASKING PRICE: $3,000,000 Cap Rate 5.9%
$1,800.00 $17,186.00
id 3929 THREE STORY RENOVATED BUILDING FOR SALE EXCELLENT USER/INVESTMENT OPPORTUNITY BROOKLYN, NEW YORK Location: near Leonard Street Lot Size: 16’ x 86’ Building Size: Basement: 16’ x 50’ = 800 1st Floor: 16’ x 50’ = 800 2nd Floor: 16’ x 50’ = 800 Stories: Two (2) Gross Square Feet: 1,600 (Approximately) Zoning: (FAR) R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 50’ Total Buildable Square Feet: Total Available Air Rights: Assessment: Real Estate Taxes: 5,734 4,134 $19,348 (23/24) $3,886 Description: A 16’ wide three-unit three story building. The property has a three bedroom, with two full bathrooms on the ground floor. The unit has a living/dining area and a full kitchen. This apartment has access to the back yard. The second and third floor each is a three-bedroom floor-through apartment. The apartments have two full bathrooms, 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 property is located one block from Graham Avenue which has nice restaurants and brand name retail stores. The L train is also on Graham Avenue & Metropolitan Avenue. The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper two 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 3 Bd Apt Free Market $3,900 $4,200 6/25 Second Floor: 2 3 Bd Apt Free Market $5,100 $5,500 2/25 Third Floor: 3 3 Bd Apt Free Market $6,300 $6,500 6/25 Projected Monthly Income: $15,300 $16,200 Projected Annual Income: $183,600 $194,400 Expenses: Real Estate Taxes: $3,886.00 Water & Sewer: $1,800.00 Insurance: $4,000.00 Heat (Gas): $4,500.00 Electric: (common areas) $1,200.00 Repairs & Maintenance: Total Annual Expenses Net Operating Income: $177,214 ASKING PRICE: $3,000,000 Cap Rate 5.9% $1,800.00 $17,186.00
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