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 ...
| Website: | https://www.nestseekers.com/5705154 |
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| Address: | New York, NY 11208 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
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
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of EXIT Realty Central | |