ID: 7631
BOTH THESE PROPERTIES MUST BE SOLD TOGETHER
TWO STORY TWO FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
SPRINGFIELD GARDENS, NEW YORK
Lot Size:
28’ x 87’
Building Size:
Basement: 20’ x 40’ = 800
1st Floor: 20’ x 40’ = 800
2nd Floor: 20’ x 36’ = 720
Stories:
Two (2)
Gross Square Feet:
1,520 (Approximately)
Total Available Air Rights:
No Air Rights
Assessment:
Real Estate Taxes:
$22,529 (24/25)
$4,524.96
Description:
A 20’ wide two unit, two story building. The property has two-bedroom g apartment on the first floor. The second floor is a four-bedroom apartment. The basement has a studio apartment.
All the units have nice wood floors, the bedrooms are located to the back of the units. The front area is the living/dining room. There is a full kitchen and bathroom. The apartments all have 10’ ceilings and get great sunlight. The building has a beautiful brick façade, along with a front yard for plants and flowers.
The property is a prime investment opportunity, an investor can rent out the apartments at full market value. For a new construction tenants will pay more to rent the apartment.
The building is great for a user, they can occupy the first floor apartment, and use it with the basement. The upper floor can be used for rental income.
Income:
Unit Description Unit Type Rev Proj LXP
Basement: Studio Apt Free Market $950 $1,500
First Floor: 1 2 Bd Apt Free Market $1,950 $2,200 MM
Second Floor: 2 4 Bd Apt Free Market $2,500 $3,000 MM
Projected Monthly Income: $5,400 $6,700
Projected Annual Income: $64,800 $80,400
Expenses:
Real Estate Taxes:
$4,524.96
Water & Sewer:
$1,800.00
Insurance:
$2,200.00
Heat (Gas): Paid By Tenants
$0.00
Electric: (common areas)
$1,200.00
Repairs & Maintenance:
Total Annual Expenses
$2,300.00
$8,341.36
Net Operating Income: $72,058.64
ASKING PRICE: $850,000 Cap Rate 8.4%
++++++++++++++++++++++++++++
FOUR STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
near THROOP
BROOKLYN, NEW YORK
Lot Size: 20’ x 90’
Building Size: Basement: 20’ x 45’ = 900 1st Floor: 20’ x 45’ = 900
2nd Floor: 20’ x 45’ = 900
3rd Floor: 20’ x 45’ = 900
4th Floor: 20’ x 45’ = 900
Stories: Four (4)
Gross Square Feet: 3,600 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Square Feet:
R6A (3.0) with a C2-4 Overlay (2.0) Height Limit 75’ 5,400
Total Available Air Rights: 1,800 sf Real Estate Taxes:
$131,837 (23/24) $16,482.28
Description: A 20’ wide six-unit four story mixed use building. The property has a store on the ground floor, which also occupies the basement. The second
through the fourth floors each has two one-bedroom apartments. Five of
the units are free market and one is rent stabilized. The store is built full,
and the building has a fire escape at the front and back.
The apartments are big and spacious with a living/eating area, a full
kitchen and bathroom. Nice wood floors, The units get great sunlight and
are located to the front and back of the building. The apartments have
10’ ceilings, they are individually metered for gas and electric. The
meters, gas boiler and water heater are in the basement. The roof is rubber
with silver coating and in good condition.
The property is a prime investment opportunity, an investor can add
value by combining the units and making them in two bedroom floor
through apartments. Also using the air rights to duplex the top floor. The
building is in a great location that has excellent commercial and
residential exposure.
Located on Fulton Street off Tompkins Avenue the property gets lots of
foot traffic from the east and west wide of the street. The A and C train is
on the corner, within 10 minutes the tenants can be in the city. Fulton
Street is one of the busiest street in Brooklyn, with all the fast food
restaurants, banks, clothing stores health food stores.
The property is also a great user opportunity, a user can have a business on the ground floor and live in one of the units above and rent out the other apartments. The zoning allows the first and second floors to be used as commercial.
Income:
Unit Description Unit Type Rev Proj LXP Store: Store Commercial $5,000 $6,500 1/30
Second Floor: 1F 1 Bd Apt Free Market $1,680 $2,200 MM 2R 1 Bd Apt Rent Stabilized $685 $700 MM
Third Floor: 3F 1 Bd Apt Free Market $2,481 $2,200 10/25 3R 1 Bd Apt Free Market $1,700 $2,200 MM
Fourth Floor: 4F 1 Bd Apt Free Market $1,835 $2,200 MM 4R 1 Bd Apt Free Market $1,600 $2,200 MM Monthly Income: $14,981 $18,200 Annual Income: $179,772 $218,400
Expenses:
Real Estate Taxes: $16,482.28 Water & Sewer: $3,400.00 Insurance: $3,200.00 Heat (Gas): $4,200.00 Electric: (common areas) $1,200.00
Repairs & Maintenance: Total Annual Expenses
$3,200.00 $31,682.28
Net Operating Income: $186,717.72 CAP RATE: 8.1%
ASKING PRICE: $2,300,000
ID: 7631
BOTH THESE PROPERTIES MUST BE SOLD TOGETHER
TWO STORY TWO FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
SPRINGFIELD GARDENS, NEW YORK
Lot Size:
28’ x 87’
Building Size:
Basement: 20’ x 40’ = 800
1st Floor: 20’ x 40’ = 800
2nd Floor: 20’ x 36’ = 720
Stories:
Two (2)
Gross Square Feet:
1,520 (Approximately)
Total Available Air Rights:
No Air Rights
Assessment:
Real Estate Taxes:
$22,529 (24/25)
$4,524.96
Description:
A 20’ wide two unit, two story building. The property has two-bedroom g apartment on the first floor. The second floor is a four-bedroom apartment. The basement has a studio apartment.
All the units have nice wood floors, the bedrooms are located to the back of the units. The front area is the living/dining room. There is a full kitchen and bathroom. The apartments all have 10’ ceilings and get great sunlight. The building has a beautiful brick façade, along with a front yard for plants and flowers.
The property is a prime investment opportunity, an investor can rent out the apartments at full market value. For a new construction tenants will pay more to rent the apartment.
The building is great for a user, they can occupy the first floor apartment, and use it with the basement. The upper floor can be used for rental income.
Income:
Unit Description Unit Type Rev Proj LXP
Basement: Studio Apt Free Market $950 $1,500
First Floor: 1 2 Bd Apt Free Market $1,950 $2,200 MM
Second Floor: 2 4 Bd Apt Free Market $2,500 $3,000 MM
Projected Monthly Income: $5,400 $6,700
Projected Annual Income: $64,800 $80,400
Expenses:
Real Estate Taxes:
$4,524.96
Water & Sewer:
$1,800.00
Insurance:
$2,200.00
Heat (Gas): Paid By Tenants
$0.00
Electric: (common areas)
$1,200.00
Repairs & Maintenance:
Total Annual Expenses
$2,300.00
$8,341.36
Net Operating Income: $72,058.64
ASKING PRICE: $850,000 Cap Rate 8.4%
++++++++++++++++++++++++++++
FOUR STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
near THROOP
BROOKLYN, NEW YORK
Lot Size: 20’ x 90’
Building Size: Basement: 20’ x 45’ = 900 1st Floor: 20’ x 45’ = 900
2nd Floor: 20’ x 45’ = 900
3rd Floor: 20’ x 45’ = 900
4th Floor: 20’ x 45’ = 900
Stories: Four (4)
Gross Square Feet: 3,600 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Square Feet:
R6A (3.0) with a C2-4 Overlay (2.0) Height Limit 75’ 5,400
Total Available Air Rights: 1,800 sf Real Estate Taxes:
$131,837 (23/24) $16,482.28
Description: A 20’ wide six-unit four story mixed use building. The property has a store on the ground floor, which also occupies the basement. The second
through the fourth floors each has two one-bedroom apartments. Five of
the units are free market and one is rent stabilized. The store is built full,
and the building has a fire escape at the front and back.
The apartments are big and spacious with a living/eating area, a full
kitchen and bathroom. Nice wood floors, The units get great sunlight and
are located to the front and back of the building. The apartments have
10’ ceilings, they are individually metered for gas and electric. The
meters, gas boiler and water heater are in the basement. The roof is rubber
with silver coating and in good condition.
The property is a prime investment opportunity, an investor can add
value by combining the units and making them in two bedroom floor
through apartments. Also using the air rights to duplex the top floor. The
building is in a great location that has excellent commercial and
residential exposure.
Located on Fulton Street off Tompkins Avenue the property gets lots of
foot traffic from the east and west wide of the street. The A and C train is
on the corner, within 10 minutes the tenants can be in the city. Fulton
Street is one of the busiest street in Brooklyn, with all the fast food
restaurants, banks, clothing stores health food stores.
The property is also a great user opportunity, a user can have a business on the ground floor and live in one of the units above and rent out the other apartments. The zoning allows the first and second floors to be used as commercial.
Income:
Unit Description Unit Type Rev Proj LXP Store: Store Commercial $5,000 $6,500 1/30
Second Floor: 1F 1 Bd Apt Free Market $1,680 $2,200 MM 2R 1 Bd Apt Rent Stabilized $685 $700 MM
Third Floor: 3F 1 Bd Apt Free Market $2,481 $2,200 10/25 3R 1 Bd Apt Free Market $1,700 $2,200 MM
Fourth Floor: 4F 1 Bd Apt Free Market $1,835 $2,200 MM 4R 1 Bd Apt Free Market $1,600 $2,200 MM Monthly Income: $14,981 $18,200 Annual Income: $179,772 $218,400
Expenses:
Real Estate Taxes: $16,482.28 Water & Sewer: $3,400.00 Insurance: $3,200.00 Heat (Gas): $4,200.00 Electric: (common areas) $1,200.00
Repairs & Maintenance: Total Annual Expenses
$3,200.00 $31,682.28
Net Operating Income: $186,717.72 CAP RATE: 8.1%
ASKING PRICE: $2,300,000
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