Brooklyn Landmark Real Estate :: Brooklyn Heights income producing multi family for sale.

Brooklyn Heights income producing multi family for sale. (ID: 379)

Description

Renovated 10 families walk-up T-house in hart of Brooklyn Heights.

9 x 1-bedroom.

1 x studio.

This building has laundry area in the basement for tenants.

Location

Building is located on wide tree lined street within 1.5 block to all trains, Downtown Courts, City Hall and BLS. Also within 5 minutes walking distance away from Trader Joe, Atlantic Ave antique shops and restaurants, Brooklyn Promenade, Metro Tech, Cadman Park, DUMBO etc, etc.

Condition

Overall- Very good condition;

The entire building has updated/replaced plumbing, gas lines, sprinkler system up to date, replaced windows, clean and dry basement, boiler-room has new gas fired boiler (converted in 2010), gas hot water heaters (+ back-up from boiler), 15 years old electric system, renovated 5-10 years ago bathrooms and kitchenettes. All units have great refinished hardwood floors and tiled bathrooms. All units are super bright and sunny in the front and bright in the back.

Miscellaneous

Type: Investment
Neighborhood: Brooklyn Heights
Price: $3,100,000
Beds: 9
Baths: 10
Floors: 5
Lot Size: 25 X 105.9
Building Size: 25 X 48 X 69

Building sqft: 5778

FAR 2.43

FAR as build 2.18

Income: $224,268.00
Fuel: $8,000.00
Real Property Tax: $39,000.00
Water & Sever: $4,300.00
Real Property Insurance: $7,200.00
Gas & Electric: $800.00
Total Operating Expense: $59,300.00

Net Operating Income: $164,968.00

Home Features
Patio/Deck/Garden
High Ceiling
Dishwasher
Gas Range
Washer/Dryer
Hardwood Floors
Cable/Satellite TV
Deco Fireplace
Pets OK

Community Features
Fitness Center
Spa/Jacuzzi
Tennis Courts
Bike Paths
Playground/Park
Controlled Access
Public Transportation
Bus
R,M Trains
A,C,F Trains
G Train
2,3,4,5 Trains