347 Jefferson Avenue

347 Jefferson is a 3,000 square foot four family with generous upside for the lucky investor. The building is configured as floor though apartments each with a full kitchen and bath. Zoned as a four family the building already has a sprinkler system installed. The roof was resealed in the last few years. Three leases are month to month. One lease is through February 2014.Jefferson Avenue is one of Stuyvesant Heights most coveted blocks, and the surrounding area is row after row of two and three story exquisitely designed townhouses set upon broad tree lined streets. Developed between 1870 and 1920, Stuyvesant Heights is an almost exclusively residential neighborhood with small businesses and shops serving the community. Transportation is easy with the Express A Train at the Nostrand stop. Pro Forma income is approximately $72,000 a year with operating expenses of $7,000 annually and real estate taxes for 2013/2014 of just over $6,000.