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
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 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
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