Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers amp ; End Users !
- View of apartment building / complex
- View of apartment building / complex
- Aerial view of property's location featuring property parcel outlined
- Aerial view of property's location featuring property parcel outlined
- Map of property location
- Map of property location
- Dining area with dark wood-style flooring
- Bedroom with dark wood finished floors and a ceiling fan
- Bedroom with tile patterned floors, a ceiling fan, a textured ceiling, radiator heating unit, and crown molding
- Kitchen featuring freestanding refrigerator, hanging light fixtures, and light countertops
- Hall featuring a textured wall, ornamental molding, tile patterned floors, and arched walkways
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- Aerial view of property's location
- Aerial view of property's location
- Corridor with concrete block wall, light floors, and ornamental molding
- Staircase featuring concrete block wall
- View of property location
- View of property location
- View of property location featuring property boundaries highlighted
- View of property location featuring property boundaries highlighted
- Kitchen featuring white range with gas stovetop, decorative backsplash, and brown cabinets
- Bathroom with vanity and shower / tub combo with curtain
- View of apartment building / complex
- View of apartment building / complex
- Hall with dark floors, concrete block wall, and crown molding
- Hallway with tile patterned floors
- View of property location with property boundaries highlighted and industrial structures
- Detailed view of mail area and a fire alarm
- View of property
- View of property
- Aerial overview of property's location featuring property parcel outlined
- Aerial overview of property's location featuring property parcel outlined
- Aerial map of property and surrounding area
- Aerial view of property's location
- Aerial view of property's location
- View of apartment building / complex featuring a fenced front yard
- View of apartment building / complex featuring a fenced front yard
- View of building exterior
- View of building exterior
- View of apartment building / complex
- View of apartment building / complex
- Aerial map of property and surrounding area
- Map of property location
- View of apartment building / complex
- View of apartment building / complex featuring a fenced front yard
- View of building exterior with a fenced front yard
- View of apartment building / complex
- View of apartment building / complex
- View of apartment building / complex
- Bedroom with hardwood / wood-style floors and a ceiling fan
- Living area with wood-type flooring
- Aerial view of property and surrounding area with property parcel outlined
- Aerial overview of property's location featuring property parcel outlined
- Aerial view of property and surrounding area featuring property parcel outlined
- Aerial overview of property's location
Description
Calling All Investors, Developers & End-Users!!! 9.71 Cap 24 Unit Apartment Building With R5 Zoning In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 8’ Ceilings, R5 Zoning, (4) 2 Br. Apts., (16) 1 Br. Apts., (4) Large Studio Apts., All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Just Off Jamaica Ave., 2 Blocks From Rockaway Blvd. & Minutes From Woodhaven Blvd.!!! Neighbors Include Chase Bank, USPS, Stop & Shop, Century 21, YMCA, Boost Mobile, Dunkin’, Wendy’s, McDonald’s, Subway, Papa John’s, White Castle, KFC, +++!!! The Building Has 60 Feet Of Frontage On Grant Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!!
Income:
Unit 1A (2 Br. Apt.): $21,600 Ann.; Lease Exp.: 4/30/26.
Unit 2A (2 Br. Apt.): $18,469.56 Ann.; Lease Exp.: 7/31/26.
Unit 3A (2 Br. Apt.): $13,932.48 Ann.; Lease Exp.: 9/14/26.
Unit 4A (2 Br. Apt.): $20,053.20 Ann.; Lease Exp.: 1/14/26.
Unit 1B (1 Br. Apt.): $14,697.12 Ann.; Lease Exp.: 1/31/27.
Unit 2B (1 Br. Apt.): $14,002.08 Ann.; Lease Exp.: 10/14/26.
Unit 3B (1 Br. Apt.): $17,113.92 Ann.; Lease Exp.: 7/31/25.
Unit 4B (1 Br. Apt.): $18,082.68 Ann.; Lease Exp.: 12/31/26.
Unit 1C (1 Br. Apt.): $17,598.84 Ann.; Lease Exp.: 3/14/26.
Unit 2C (1 Br. Apt.): $15,735.12 Ann.; Lease Exp: 7/31/26.
Unit 3C (1 Br. Apt.): $17,972.28 Ann.; M-M.
Unit 4C (1 Br. Apt.): $37,800 Ann. (Available)
Unit 1D (1 Br. Apt.): $20,002.32 Ann.; Lease Exp.: 9/30/26.
Unit 2D (1 Br. Apt., Super): $17,286.36 Ann.; Lease Exp.: 6/30/26.
Unit 3D (1 Br. Apt.): $17,144.88 Ann.; Lease Exp.: 12/31/26.
Unit 4D (1 Br. Apt.): $11,987.64 Ann.; Lease Exp.: 11/30/27. Been Here 45 Years.
Unit 1E (1 Br. Apt.): $15,115.92 Ann.; Lease Exp.: 4/13/26.
Unit 2E (1 Br. Apt.): $14,290.44 Ann.; Lease Exp.: 2/28/26.
Unit 3E (1 Br. Apt.): $14,540.16 Ann.; Lease Exp.: 9/30/26.
Unit 4E (1 Br. Apt.): $14,805.60 Ann.; Lease Exp.: 10/31/26.
Unit 1F (Studio Apt.): $24,480 Ann. (Available)
Unit 2F (Studio Apt.): $24,480 Ann. (Available)
Unit 3F (Studio Apt.): $16,500 Ann.; Lease Exp.: 1/30/27.
Unit 4F (Studio Apt.) $16,629.48 Ann.; Lease Exp.: 7/14/26.
Expenses:
Oil: $17,000 Ann.
Electric: $980 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $12,023 Ann.
Water & Sewer: $16,000 Ann.
Taxes: $87,075 Ann.
Total Expenses: $133,328 Ann.
Pro Forma Gross Income: $434,320.08 Ann.
Pro Forma Net Operating Income (NOI): $300,992.08 Ann. (9.71% Cap!!!)
Amenities
- Electricity Available
- Sewer Connected
- Water Connected
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.
