172 Veronica Place, Brooklyn, New York, 11226

172 Veronica Place
Brooklyn NY 11226

Cross street:Tilden Avenue

Building

Type:House
Era:Post-war
Floors:2

Property

Ownership: Multi-Family
Rooms: 13
Bedrooms: 6 BR
Bathrooms: 4
Pets: Pets Unknown

Financials

Price: $1,299,000
578 Driggs Avenue Brooklyn, NY 11211
Courtesy of Compass

Description

This pristine Flatbush semi-detached four-family house is an exceptional opportunity for investors or homebuyers seeking income generated from three additional rental units. The entire property has been gut-renovated and includes hardwood floors, washer-dryers and stainless-steel appliances, including dishwashers. Electricity and the roof were updated during the building's thorough renovation. The four separately metered units include two (2) one-bedrooms and two (2) two-bedrooms, including a duplex with a finished basement and access to the gorgeous backyard. This property offers very low annual expenses at approximately $10,000 per year and solid rents: 1F - $1,700 1R - $2,200 2F - $2,000 2R - $1,800 Projected Net Income of approximately $79,728 as an investment property — 6.1 percent CAP Rate! Three units to be delivered vacant: Unit #2R is occupied with an excellent tenant paying $1,800 with a lease in place until July 2021. Consisting of 2,800 square feet on a 20-foot by 100-foot lot, this property is conveyed with approximately 2,000 square feet of air rights available. Located on a charming tree-lined street in Flatbush, this building is close to great shopping, dining and services along Flatbush Avenue. Massive Prospect Park is less than a mile away, and 2, 5, B and Q trains provide easy access to the rest of the city.

Amenities

  • Walk-up

Neighborhood

More listings:

This pristine Flatbush semi detached four family house is an exceptional opportunity for investors or homebuyers seeking income generated from three additional rental units.

Description

This pristine Flatbush semi-detached four-family house is an exceptional opportunity for investors or homebuyers seeking income generated from three additional rental units. The entire property has been gut-renovated and includes hardwood floors, washer-dryers and stainless-steel appliances, including dishwashers. Electricity and the roof were updated during the building's thorough renovation. The four separately metered units include two (2) one-bedrooms and two (2) two-bedrooms, including a duplex with a finished basement and access to the gorgeous backyard. This property offers very low annual expenses at approximately $10,000 per year and solid rents: 1F - $1,700 1R - $2,200 2F - $2,000 2R - $1,800 Projected Net Income of approximately $79,728 as an investment property — 6.1 percent CAP Rate! Three units to be delivered vacant: Unit #2R is occupied with an excellent tenant paying $1,800 with a lease in place until July 2021. Consisting of 2,800 square feet on a 20-foot by 100-foot lot, this property is conveyed with approximately 2,000 square feet of air rights available. Located on a charming tree-lined street in Flatbush, this building is close to great shopping, dining and services along Flatbush Avenue. Massive Prospect Park is less than a mile away, and 2, 5, B and Q trains provide easy access to the rest of the city.

Amenities

  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.