Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
2877 West 20th Street . Brooklyn , NY 11224
Prime Coney Island Legal 8 Family 100%occupied 8% Cap rate- Totally newly renovated
Posted: 12/30/2020 11:49 pm
| On HOMEiZ: 1217 days |
Updated: 3 years ago
| Views: 1544
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Location Map
Property Type
Available
Property Price
$1199000
Price Undisclosed
2,360.00
$1090
1100
1%
8%
$96483.04
$96483.04
12.00
87000%
$1043130000
Property Location & Description
Prime Coney Island Legal 8 Family 100%occupied 8% Cap rate- Totally newly renovated
Non Rent Control
Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. CURRENT GOI = $114,593.04 CURRENT NOI = $96483.04 Gross Expense $ 18,110 CURRENT CAP RATE 8% huge backyard! New roof, Sprinkler system, Stairways & many other updates! On 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: .Fully occupy with ACTUAL 8% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few blocks away -Near train , shopping off Neptune Avenue! Steps to beach! Huge price reduction from initial $1.490 Million Very well maintained building with no violation! DHCR available - all tenant are CURRENT pays on time. ID#420-013 Call 347-581-9506
Prime Coney Island off Mermaid,
8
$149875
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
2.
3.
4.
5.
2
1901
Very good
Property Information
Sewer
Sewer System (Public)
Parking
None
Investment Overview
Investor
Energy Efficiency
N/A
N/A
Don't Know
Yes
Don't Know
Yes
Neighborhood lifestyle
More information
Listing Presented by
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