Perfect here s a clean, investor focused description for that City line property Turn Key 25 Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of ...


Property

Website:https://www.nestseekers.com/5705154
Address:
New York, NY 11208
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$6,500,000
Annual Taxes:$89,156

Description

Perfect—here’s a clean, investor-focused description for that City line property: Turn-Key 25-Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of Brooklyn—this well-maintained 25-unit brick building features 15 2 -bedroom and 10 1 Bedroom apartments, as well as 2 retail spaces ideal for steady rental demand. Tenants pay their utilities ( electric and cooking gas ) The building includes: A full basement with Additional storage rooms No elevator = lower maintenance Low operating expenses With a projected NOI of $816,000 creating a Net Cap Rate of 10.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn’s steadily growing neighborhoods.

Amenities

  • Electricity Available
  • Electricity Connected
  • Natural Gas Available
  • Natural Gas Connected
  • Sewer Available
  • Sewer Connected
  • Water Available
  • Water Connected

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of EXIT Realty Central