Prime Corner Location in Flatbush Neighborhood of Brooklyn.
Building Size: 10,400 Sq Ft.
Lot Size: 3,720 Sq Ft, 40 X 93, 3 Story
Building: 8 Apts and 3 Stores
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 8/2025
All stores have 3 % increases per annum
(2)1-Bed Apts, (4)2-bed Apts, (2)3-Bed Apts
1Bed Apt: $2,484, Sec 8,1 Bed Apt: $2,057, Sec 8, 2 Bed Apt: $2,762, Sec 8, 2 Bed Apt: $2,762, 2 Bed Apt: $2,762 , Sec 8, 2 Bed Apt: $2,762, Sec 8,3 Bed Apt/ 2 Bath: $3,084, 3 Bed Apt/ 2 Bath: $3,220
All apartments have their own heating, air conditioner, and hot water tanks.
PROPERTY INFORMATION:
Tax: $77,075,Insurance: $9,000,Electric: $1.500 Water: $6,800 Repairs: 8,000, Payroll: $8,000Heat, AC, Gas: Tenants Pay
GOI: $451,944.00 NOI: $355,063.00
Cap Rate: 6.8