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Calling All Investors, Developers, & End-users!!! 9.72 Cap 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8’ Ceilings, Separate Meters, Low Property Taxes, All New Led Lighting, 200 Amp Power, A/c, +++!!! The Property Is Located In The Heart Of Crown Heights 1 Block From Atlantic Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include Usps, Ups, The Home Depot, Dunkin’, Cubesmart Self Storage, Walgreens, Autozone, Bank Of America, Planet Fitness, Blink Fitness, Gamestop, Baskin-robbins, Mobil, Mcdonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, Ihop, Kfc, +++!!! This Property Offers Huge Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3br. Apt.): $24, 388.56 Ann. Lease Exp.: 6/30/27. Unit 2 (3 Br. Apt.): $22, 850.28 Ann. Lease Exp.: 9/30/26. Unit 3 (3 Br. Apt.): $26, 400 Ann. Lease Exp.: 6/30/26. Unit 4 (3 Br. Apt.): $14, 034.84 Ann.; Lease Exp.: 9/30/26. Unit 5 (3 Br. Apt.): $10, 368.72 Ann.; Lease Exp.: 1/31/27. Unit 6 (3 Br. Apt.): $23, 395.20 Ann.; Lease Exp.: 6/30/24. Unit 7 (1 Br. Apt.): $18, 261.84 Ann.; Lease Exp.: 6/30/25. Unit 8 (1 Br. Apt.): $29, 595.24 Ann.; Lease Exp.: 8/31/27. Unit 9 (1 Br. Apt.): $25, 800 Ann.; Lease Exp.: 12/31/23. Unit 10 (1 Br. Apt.): $21, 313.56 Ann.; Lease Exp.: 2/28/26. Gross Income: $216, 408.24 Ann. Expenses: Gas: $3, 151.60 Ann. Electric: $1, 872.01 Ann. Water + Sewer: $13, 954.38 Ann. Maintenance & Repairs: $250 Ann. Insurance: $4, 359 Ann. Taxes: $13, 050.28 Ann. Total Expenses: $36, 637.27 Ann. Net Operating Income (noi): $179, 770.97 Ann. (9.72% Cap!!!)
| Location/Town | New York |
| Area/County | Brooklyn |
| Post Office/Postal City | Brooklyn |
| Prop. Type | Commercial Sale |
| Tax | $13,050.00 |
| Year Built | 1931 |
| Construction | Brick, Frame |
| Total Units | 10 |
| Lot SqFt | 2,894 |
| Cooling | Wall/Window Unit(s) |
| Heat Source | Natural Gas |
| Util Incl | Electricity Connected, Phone Connected, Sewer Connected, Water Connected |
| Days On Market | 96 |
| Units | 10 |
| Listing information courtesy of: All Island Estates Realty Corp | |