This Unit Is Not Available (Sold)
$ 2,200,000
6 Beds • 8 Baths • 3,800 ft2
Mixed Use Investment Property at 7.5% CAP Rate in Brooklyn!
REAL STREET has been hired to exclusively represent this mixed useincome producing multi family in a up and coming Brownsville in
Brooklyn, NY.
The subject property is located on a busy corner with approx. 100' of
exposure and is fully leased out. The building is entirely FREE Market
and consists of 3 stores and 4 apartments.
The entire building has been updated with new mechanicals and is
separately metered.
Plenty of upside in this property with the ability to increase the rents
on both the stores (#2&3 are under market) as well as increasing rents
with some of the apartments.
Gross Rental Income: $172,044.00
Annual Expenses: $13,600.00
NOI: $158,444.00
CURRENT RENTS:
Store #1 (Papas Chicken): $4,500.00/month
Store #2 (Papas Chicken): $1,500.00/month
Store #3 (Places Bar & Grill): $1,500.00/month
Apt #1: (2 bedrooms) $1,534.00/month
Apt #2: (1 bedroom) $1,690.00/month
Apt #3: (3 bedrooms) $2,400.00/month
Apt #4: (studio apt) $1,213.00/month
Total Rooms: 21
