Overview
Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Apartment Building In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High Ceilings, Strong R5 Zoning, (1) 1 Br. Apts., (1) 2 Br. Apt., (1) 3 Br. Apt., Basement, LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!! Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L.A. Fitness, Sunoco, Dollar Tree, Wendy’s, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Building Can Be Bought In Addition To 989 Hegeman Avenue For Only $2.474m!!! Income: Unit 1 (3 Br., 1 Bath): $39, 600 Ann. M-M. Unit 2R (1 Br., 1 Bath): $18, 00 Ann. M-M. Unit 2F (1 Br., 1 Bath): $18, 000 Ann. M-M. LL: $22, 000 Ann. (Available) Total Gross Rent: $87, 600 Ann. Expenses: Gas: $2, 580 Ann. (Heating Only) Electric: $720 Ann. (Hallway Only) Maintenance & Repairs: $250 Ann. Insurance: $2, 856 Ann. Water & Sewer: $863 Ann. Trash: $0 Ann. Taxes: $4, 919.64 Ann. Total Expenses: $11, 688.64 Ann. Gross Income: $87, 600 Ann. Pro Forma Net Operating Income (NOI): $75, 911.36 Ann. (8.68 Cap!!!) , or