Investment Property For Sale in Flatbush Section of Brooklyn, NY 11203
$5,200,000
4721-4723 Church Avenue, Brooklyn, NY 11203
6.8
Cap Rate
355,063
NOI
Details:
Description:
Investment Property For Sale in Flatbush Section of Brooklyn, NY 11203
Prime Corner Location
Building Size: 10,400 Sq Ft.
Lot Size: 3,720 Sq Ft
Building: 8 Apts and 3 Stores, All , 40 X 93, 3 Story
Apartments are Free market. No rent Control.
Store #1: Corner Bakery $7,576 lease till 2/2030
Store#2: Smoke Shop $5,409 lease till 3/2030
Store#3: Church $2,784 lease till 8/2025
All stores have 3 % increases per annum
2/1 Bed Apts, 4/2 bed Apts, 2/3 Bed Apts
All apartments have their own heating, air conditioner, and hot water tanks.
Tax: $77,075
Insurance: $9,000
Electric: $1.500
Water: $6,800
Repairs: 8,000
Payroll: $8,000
Heat, AC, Gas: Tenants Pay
GOI: $451,944.00
NOI: $355,063.00
Cap Rate: 6.8
Documents:
| Title | ||
|---|---|---|
| Investment Flyer |
Location
Gallery
