Description
Calling all investors! Add this beautiful brick building, only 10 years old to your portfolio. This property has 8 units and is attached to 2536 Holland which is also being sold separately totaling 16 units. Both properties are very well maintained & clean. Basement offers a large separate room that you can generate more income utilizing as storage units, laundry room. Current rents are below market and are currently being negotiated with the City of New York, We expect rent to be $1500-$1700 per month for the one bedrooms and $1300-$1500 per month for the studio. The seller has also filed litigation with NYC for a tax abatement, but will not be a sale contingency. This building is centrally located to the bus, stores and railroad. The tenants pay Heat, gas and electric. The projected rent for each of the two buildings will be approximately 146k and current expenses for each of the two buildings are approximately $56K including taxes, utilities, insurance and maintenance.
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7BEDS
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0.06ACRES
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8BATHS
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01/2 BATHS
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5,499SQFT
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$300$/SQFT
School Information
Description
Calling all investors! Add this beautiful brick building, only 10 years old to your portfolio. This property has 8 units and is attached to 2536 Holland which is also being sold separately totaling 16 units. Both properties are very well maintained & clean. Basement offers a large separate room that you can generate more income utilizing as storage units, laundry room. Current rents are below market and are currently being negotiated with the City of New York, We expect rent to be $1500-$1700 per month for the one bedrooms and $1300-$1500 per month for the studio. The seller has also filed litigation with NYC for a tax abatement, but will not be a sale contingency. This building is centrally located to the bus, stores and railroad. The tenants pay Heat, gas and electric. The projected rent for each of the two buildings will be approximately 146k and current expenses for each of the two buildings are approximately $56K including taxes, utilities, insurance and maintenance.
© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2021-04-12T08:16:16.493.