BEAUTIFUL PRE-WAR PRISTINE BRICK 6 FAMILY IN GREAT GREENPOINT LOCATION 2 BLOCKS TO McCARREN PARK

GREENPOINT, Brooklyn
Commercial Buy
$2,950,000
8 Bedrooms
8 bathrooms

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Property Description

Beautiful building Pristine Brick 6 Family 2 Blocks to McCarran Park     3 units vacant at closing Lot: 25 x 100 Lot SF: 2,500 Building Size: 5,100 SF Zoning: R6B Asking Price: 3,100,000   Extensive work and renovations done New roof, new windows, new boiler converted from steam to hot water All units have new radiators, new roof hallway skylight, new roof access hatch, new water heaters, new electric service, new water main, new building camera system, new front door and renovated hallway Income : 1L: 3 bed 2 bath with Private back yard basement, and storage, vacant at closing $5,450.00 Projected Free Market (FM) 1R: 2 bed 2 bath with Private back yard, and storage, vacant at closing                   $4,500 Projected Free Market (FM) 2L: 1.5 bed 1 bathroom Plus office $2.800 vacant at closing (FM) (converted to a 2 bedroom 2 bathroom $4,000) 2R: 1.5 bed 1 bathroom Plus office 1,510 (RS) 3L: 1.5 bed 1 bathroom Plus office $956  (RS) 3R: 1.5 bed 1 bathroom Plus office $965  (RS)   Yearly income Gross: $194,172.00 -$208,572.00   First Floor units as well as the basement have had extensive renovations done and are 90% done. They are 2 bedroom 2 Bathroom apartment with private backyards, and air/light shaft in the middle of the apartment with eat-in kitchens. All other apartments are 1.5 bedroom 1 bathroom with air/light shaft as well. Current owner will finish or put you in contact with his contractors for you to finish the way you would like. Two first floor units and 2nd floor unit 2L have their own Heating and cooling systems, and pay their own utilities   Expenses: Taxes: $10,600 water/sewage: $2,200 Gas: $1,100 Common electric $638 Insurance: $4,500 Total: $19,380   NOI: $174,792.00 – $189,192.00 Price per SF $588 Cap Rate: 5.7%-6.1% at Asking        

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Contact Agent

Craig Stulberger