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    Address Undisclosed

    E. New York, NY 11208
    • $4,200,000
    • STATUS: Active
    • ON SITE: 30 Days
    • MLS #: 3346620
    UPDATED: 76 min ago
    $4,200,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Description

    A pristine 19 unit apartment building located in East New York. Each unit consist of 1 bedroom/ 1 bath. Fully occupied and rent-controlled. Buyers must provide proof-of-financing and meet with the broker before showings are scheduled. The roof is sold to a cellular company for satellite tower space. Owner is entitled to 60% of profits if subleased. Property Taxes: ~$64,000 Insurance: ~$48,000 Maintenance(estimate): ~$1,840 Heating(oil): ~$16,000 Hot Water: ~$15,000 Operating Expenses: $142,840 Gross Income: $276,000 Cap Rate: 3.17%

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    © 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 Douglas Elliman. Data last updated: 2021-10-19T23:16:47.137.
    www.frankschiavone.com/homes/121578058
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    Address Undisclosed E. New York, NY 11208

    • Price: $4,200,000
    • Status: Active
    • Updated: 76 min ago
    • MLS #: 3346620
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1921
    Built
    Neighborhood:
    Brooklyn
    County:
    Brooklyn
    Area:
    Brooklyn
    Property Description
    A pristine 19 unit apartment building located in East New York. Each unit consist of 1 bedroom/ 1 bath. Fully occupied and rent-controlled. Buyers must provide proof-of-financing and meet with the broker before showings are scheduled. The roof is sold to a cellular company for satellite tower space. Owner is entitled to 60% of profits if subleased. Property Taxes: ~$64,000 Insurance: ~$48,000 Maintenance(estimate): ~$1,840 Heating(oil): ~$16,000 Hot Water: ~$15,000 Operating Expenses: $142,840 Gross Income: $276,000 Cap Rate: 3.17%
    Exterior Features

    Building Size 17600

    Interior Features

    Ceiling Height 9

    Property Features

    Business Type Apt House Net Operating Income 133160.00 Operating Expense 142840.00 Property Sub Type Apartment Property Type Commercial Sale Tax Annual Amount 0.00 Zoning Description R5

    Listing courtesy of Daylan Bisram of East Point Realty Llc.
    © 2021 OneKey MLS. All rights reserved.


    © 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 Douglas Elliman. Data last updated: 2021-10-19T23:16:47.137.
     
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