Investment Property Opportunity In Flourishing Brooklyn Neighborhood  
269 Kosciuszko Street, Brooklyn, NY 11221   Web ID 92


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

*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

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


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.

  City Connections Realty, Inc. supports Equal Housing Opportunity. The federal Fair Housing Act makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make such preference, limitation or discrimination." We will not knowingly accept or permit any advertisement for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.