Calling All Investors, Developers amp ; End Users !


Property

Website:https://www.nestseekers.com/3089078
Address:
25 21st Street
Flatbush, NY 11226
Cross street:Woodrift
Ownership: For Sale
Type: Commercial
Bedrooms: Studio
Lot Size: 4950 sq ft

Financials

Price: $2,575,000
Annual Taxes: $12,484

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Description

Calling All Investors, Developers & End-Users!!! 100% Occupied 8.36 Cap 12 Unit Apartment Building In Brooklyn For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong R7A Zoning, 6 Parking Spaces, High 10' Ceilings, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just 1 1/2 Blocks From Rt. 27 Near Prospect Park Lake & The Brooklyn Museum!!! Neighbors Include UPS, FedEx, CubeSmart Self Storage, Target, ShopRite, AutoZone, Bank Of America, Optimum, Blink Fitness, Planet Fitness, Key Food, Dunkin', Walgreens, McDonald's, BP Gas, Taco Bell, Duane Reade, Dollar Tree, Five Below, Subway, National Wholesale Liquidators, Aldi, IHOP, Wendy's, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!! Income: Apt. 1A (2 Br., 1 Bath): $15,334.92 Ann.; Lease Exp.: 5/31/24. Apt. 1B (2 Br. 1 Bath): $14,760 Ann.; Lease Exp.: 5/31/24. Apt. 1C (3 Br. 1 Bath): $17,371.68 Ann.; Lease Exp.: 7/31/25. Apt. 2A (2 Br. 1 Bath): $14,858.88 Ann.; Lease Exp.: 6/30/25. Apt. 2B (3 Br. 1 Bath): $40,242.72 Ann.; Lease Exp.: 7/31/24. Apt. 2C (3 Br. 1 Bath): $17,760.24 Ann.; Lease Exp.: 6/30/24. Apt. 3A (2 Br. 1 Bath): $21,195.48 Ann.; Lease Exp.: 1/31/24. Apt. 3B (2 Br. 1 Bath): $17,525.64 Ann.; Lease Exp.: 2/28/24. Apt. 3C (3 Br. 1 Bath): $20,124.72 Ann.; Lease Exp.: 3/31/24. Apt. 4A (2 Br. 1 Bath): $19,535.52 Ann.; Lease Exp.: 4/30/24. Apt. 4C (3 Br. 1 Bath): $16,588.68 Ann.; Lease Exp.: 6/30/24. Apt. 4F (2 Br. 1 Bath): $41,940 Ann.; Lease Exp.: 8/31/24. Gross Income: $257,238.48 Ann. Expenses: Heat: $5,512 Ann. Electric: $2,721 Ann. Maintenance & Repairs: $1,737 Ann. Water & Sewer: $7,213 Ann. Insurance: $12,395.24 Ann. Taxes: $12,484 Ann. Total Expenses: $42,062.24 Ann. Net Operating Income (NOI): $215,176.24 Ann. (8.36 Cap!!!)

Contact

578 Driggs Avenue Brooklyn, NY 11211
Courtesy of All Island Estates Realty Corp