472 E 95th St - Apartments FOR SALE


Brooklyn, NY 11212
$1,325,000 USD
516-650-8549
472 E 95th St, Brooklyn, NY for Sale
$1,325,000 USD
Apartments - FOR SALE
1/15
null | 8% Cap Rate

472 E 95th St
Brooklyn, NY 11212


HIGHLIGHTS

  • Assumable Mortgage 4% Interest expires in 2037
  • low rents + high DHCR
  • great basis / cash on cash return

OVERVIEW

Introducing 472 East 95th Street a well-maintained & massive (8000sqFt) eight family in the up & coming East Flatbush / Remsen Village neighborhood. The units are two bedroom apartments and all the long term tenants pay every month on the first of the month and have been doing so for the last 10+ years that the current owner has owned this building. The current Rent Roll is $172,600 with average rents being $1500-2000 cash paying tenants. The max allowable as per the up to date DHCR is $2907. Total expenses including payments for repairs & maintenance yearly are 66,000 giving this investment opportunity / building a current NOI of $106,000. This puts the building at an 8% capitalization rate an incredible opportunity for the right investor. EXTRA: There is a substantial assumable loan / mortgage on 472 East 95th with a 4% interest rate that does not expire until 2037! Please reach out if interested in full financials and a scheduled tour.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

8

PRICE/UNIT

$165,625

CAP RATE

8%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,188 SF

ZONING

R6,Brooklyn,(C1)

APN/PARCEL ID

04691-0024

ASK ABOUT THIS PROPERTY

Nate SmithOxford Property GroupMore Info
516-650-8549

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Nate SmithOxford Property GroupMore Info
516-650-8549

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.