New York, NY 11229

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 12 BR
Bathrooms: 8
Pets: Pets No

Financials

Price:$2,288,000
Annual Taxes:$38,987.12
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Hanmi Realty

Description

Built in 1985 off King's highway within the Homecrest neighborhood of Brooklyn. Four family income producing duplex brick town house with a total of around 5,250 square feet. Each unit is around 1,312 sq ft with three bedrooms, one and a half bathrooms (without a shower) and their own washer and dryer. One year leases with separate meters and utilities except water. Unit A rented for $2,600 per month + utilities. Unit B rented for $2,900 per month + utilities. Unit C rented for $3,050 per month + utilities. Unit D owner's unit located on both the second and third floor to be delivered vacant upon closing. Yearly property taxes of $38,988. Current yearly gross rental income: $102,600. Current yearly net income: $55k. Proforma with full occupancy market rents: potential yearly gross income $148,800. Potential yearly net income: $98,800 @ 4.3% cap Commuter, walker and food lover's paradise next to B & Q subways, B2, B7, B31, B68, B82, B100 buses, Target, Marshalls, TJ Maxx, 7-11, family owned groceries and pharmacies. CVS, Sunflower cafe, Forefeathers chicken, Mabat, Sushi Meshuga & Tokyo, Vesuvius pizza, Village cafe, Taco;s linos, Gong Cha bubble tea, shopping mall, Harbor fitness, banks, salons, spas, and shops. Zoning R5B. Please do not disturb tenants.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

Built in 1985 off King's highway within the Homecrest neighborhood of Brooklyn.


    Long Island MLS

    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.