Calling All Investors, Developers amp ; End Users !


Property

Website:https://www.nestseekers.com/3091259
Address:
369 21st Street Apt: 4
Flatbush, NY 11226
Cross street:Beverly Road
Ownership: For Sale
Type: Commercial
Bedrooms: Studio
Lot Size: 2362 sq ft

Financials

Price: $899,000
Annual Taxes: $12,484

Mortgage Calculator

Description

Calling All Investors, Developers & End-Users!!! 100% 5 Unit Apartment Building In Brooklyn For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong R6A Zoning, 6 Parking Spaces, High 10' Ceilings, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just 3 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 (1 Br., 1 Bath): $26,304 Ann.; Lease Exp.: 7/31/24. Apt. 1B (1 Br. 1 Bath): $7,905.84; Lease Exp.: 5/31/24. Apt. 2A (3 Br. 1 Bath): $20,332.56 Ann.; Lease Exp.: 5/31/24. Apt. 3A (3 Br. 1 Bath): $15,516.36 Ann.; Lease Exp.: 3/31/25. Apt. 4A (3 Br. 1 Bath): $12,726.24 Ann.; Lease Exp.: 9/30/25. Gross Income: $82,785 Ann. Expenses: Heat: $1,917.30 Ann. Electric: $700.17 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $3,500 Ann. Insurance: $5,270.66 Ann. Taxes: $22,096.20 Ann. Total Expenses: $33,734.16 Ann. Net Operating Income (NOI): $49,050.84 Ann.

Contact

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