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Investment Property Opportunity In Flourishing Brooklyn Neighborhood
Investment Property Opportunity In Flourishing Brooklyn Neighborhood
269 Kosciuszko Street, Brooklyn, NY 11221 Web ID 92
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Details
Asking Price: $900,000
Approximate Sqft: 8,100
Annual Revenue : $91,200
Annual Expenses: $14,094
Net Operating Income: $77,106
CAP Rate: 8.6%
Investment Property Opportunity In Flourishing Brooklyn Neighborhood
INVESTMENT HIGHLIGHTS
*Four (3/Flex4) Bedrooms, (2) Bathroom apartments in good condition.
*Located in Bedford Stuyvesant, Brooklyn
*Situated near stores and restaurants
*Close to public transportation
*Sales comps utilizing similar properties, over the last 12 months, within a half mile radius indicate the property value to be $2.6MM
INVESTMENT OVERVIEW
The subject property 269 Kosciuszko Street, Brooklyn, NY (Block & Lot #01781-0063) is a four story building with a yard and a semi-finished basement. Lot dimensions are 23.5 ft x 100 ft and the building dimensions are 23.5 ft x 88 ft. The property is presently configured with 3/Flex 4 bedroom apartments (1625 sf) and a 1600 sf basement. Originally the building consisted of (8) two bedroom units and could easily be reconverted to the original model Building is situated on a 2350 sf. lot The property is in good condition because of daily maintenance and periodic renovations. The roof was rebuilt in 2005 and has a 10 year transferable warrantee. The boiler was installed in 2006
Annual Expenses Electricity - $1,000
Heat - $5,000
Water & Sewer - $1200
Taxes - $6894
Total - $14,094
INVESTMENT HIGHLIGHTS
*Four (3/Flex4) Bedrooms, (2) Bathroom apartments in good condition.
*Located in Bedford Stuyvesant, Brooklyn
*Situated near stores and restaurants
*Close to public transportation
*Sales comps utilizing similar properties, over the last 12 months, within a half mile radius indicate the property value to be $2.6MM
INVESTMENT OVERVIEW
The subject property 269 Kosciuszko Street, Brooklyn, NY (Block & Lot #01781-0063) is a four story building with a yard and a semi-finished basement. Lot dimensions are 23.5 ft x 100 ft and the building dimensions are 23.5 ft x 88 ft. The property is presently configured with 3/Flex 4 bedroom apartments (1625 sf) and a 1600 sf basement. Originally the building consisted of (8) two bedroom units and could easily be reconverted to the original model Building is situated on a 2350 sf. lot The property is in good condition because of daily maintenance and periodic renovations. The roof was rebuilt in 2005 and has a 10 year transferable warrantee. The boiler was installed in 2006
Annual Expenses Electricity - $1,000
Heat - $5,000
Water & Sewer - $1200
Taxes - $6894
Total - $14,094
Map
All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
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