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Perfect—here’s A Clean, Investor-focused Description For That City Line Property: Turn-key 25-unit Investment Property In City Line, Brooklyn An Outstanding Opportunity In The Heart Of Brooklyn—this Well-maintained 25-unit Brick Building Features 15 2 -bedroom And 10 1 Bedroom Apartments, As Well As 2 Retail Spaces Ideal For Steady Rental Demand. Tenants Pay Their Utilities ( Electric And Cooking Gas ) The Building Includes: A Full Basement With Additional Storage Rooms No Elevator = Lower Maintenance Low Operating Expenses With A Projected Noi Of $816, 000 Creating A Net Cap Rate Of 10.2%, This Is An Excellent Choice For Long-term Investors Or A 1031 Exchange. Stable Income, Minimal Overhead, And Efficient Building Systems Make This A True Turnkey Asset In One Of Brooklyn’s Steadily Growing Neighborhoods.
| Location/Town | New York |
| Area/County | Brooklyn |
| Post Office/Postal City | Brooklyn |
| Prop. Type | Commercial Sale |
| Tax | $89,156.00 |
| Year Built | 1927 |
| Basement | Full |
| Construction | Brick |
| Total Units | 25 |
| Lot SqFt | 5,000 |
| Cooling | Multi Units |
| Heat Source | Oil |
| Util Incl | Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| Days On Market | 1 |
| Units | 25 |
| Listing information courtesy of: EXIT Realty Central | |