This is a great multi family investment opportunity with lots of potential. This building is large, 5,250 sqft and the lot is 2,867 square feet. The subway and the B9 bus are located a half a block away while the B64 is approximately 2 blocks away from subject property. There is also plenty of shopping in a short distance on 3rd, 4th, and 5th Avenues. This investment has an annual rent roll of $92,172 (considering a proposed rent of $2,000/month for apartment 2F) and it pays out expenses totaling $34,746 per year, making the Net Operating Income $57,426 per year. Apartment 2F was owner occupied and is currently vacant. You may consult with your Landlord/Tenant Lawyer for more details on this subject. Also has a backyard that is approximately 1,000 square feet and has a large basement that can be rented out for storage. It could also be turned into a coin operated laundry area for tenant use. Present all offers!!
This is a great multi family investment opportunity with lots of potential. This building is large, 5,250 sqft and the lot is 2,867 square feet. The subway and the B9 bus are located a half a block away while the B64 is approximately 2 blocks away from subject property. There is also plenty of shopping in a short distance on 3rd, 4th, and 5th Avenues. This investment has an annual rent roll of $92,172 (considering a proposed rent of $2,000/month for apartment 2F) and it pays out expenses totaling $34,746 per year, making the Net Operating Income $57,426 per year. Apartment 2F was owner occupied and is currently vacant. You may consult with your Landlord/Tenant Lawyer for more details on this subject. Also has a backyard that is approximately 1,000 square feet and has a large basement that can be rented out for storage. It could also be turned into a coin operated laundry area for tenant use. Present all offers!!
Listing Courtesy of Ben Bay Realty Co of Bay Ridge