Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Free Market Apartment Building In Bushwick For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6 Zoning, 6 Parking Spaces, High 10’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bed-Stuy Just A Few Blocks Off Atlantic Avenue Near Highland Park!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, KFC, +++!!! This Property Offers HUGE Upside Potential!!!
Income:
Unit 1L : $22,572 Ann.
Unit 1R: $31,008 Ann.
Unit 2L: $22,200 Ann.
Unit 2R: $21,000 Ann.
Unit 3R: $25,896 Ann.
Unit 3L: $22,200 Ann.
Gross Income: $144,876 Ann.
Expenses:
Gas : $0 Ann.
Electric: $0 Ann.
Water + Sewer: $4,335 Ann.
Insurance: $5,000 Ann.
Taxes: $7,786.42 Ann.
Total Expenses: $17,121.42 Ann.
Net Operating Income (NOI): $127,754.58 Ann. (7.81 Cap!!!)