(UPDATE JAN 9, 2012--Next Door at 186 8th Street--The Brand New Condo Project--JADE8 (Green Certified) Homes now on the market at approx $750/sf)--
http://bit.ly/yMazGG
188 8TH Street--3 Story 4 Family Brick Bldg--Circa 1990 Excellent Condition, New Construction--built in 1990, handicapped accessible.
All apts have separate heat & h/w units--ie. tenants pay their own heat & hot water.
2 x 2BR apts with 2 bathrooms. Each 2BR apt has it's own back terrace.
2 x 1BR Ground Floor Duplexes
2 Parking Spaces in Back of the Building.
1 Block to 4 Subways--F, N, M & R at 4th Ave & 9th Streets.
1 Block to 5th Ave Buses & Shopping District. 4 Blocks from Prospect Park.
GREAT CONDO CONVERSION BUILDING!!
APT RENT STATUS Expiration
1F $1500 Market No Lease
1R $1403.76 Rent Stab 3/15/12 (with Parking)
2Fl $2250 Market 7/31/12
3Fl $2100 Market 7/31/12
Monthly: $7253.76
Yearly: $87,045.12
Expenses: (Yearly)
Heat & Hot Water Tenant Pays
RE Tax $701.00 (Still Tax Abated)
Water $1993.00
Insurance $1425.00
Electric $486.00
Repairs $1350.00
Total Expenses $5995.00
Net Operating Profit $81,050.12
PLEASE SUBMIT ALL REASONABLE OFFERS TO
Harvey Heit, NYC BUYER'S AGENT* at 917-748-4810
Seller’s Agent represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent with designated agents representing seller/owner and buyer/tenant. Buyer’s Agent* represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances Broker treats all parties fairly and honestly. Broker actively supports equal housing opportunities.
All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description nor as exclusive listings of the Broker. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to broker. Customer should consult with its counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million.
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