Mixed use two family and one store in Boro Park area. It is a solid brick building with three stories and a full basement. The store is paying $8,078 with 5% yearly increase, the rent includes 1/3 of water bill and gas bill of the building, plus $5000 yearly property tax. The second floor and the top floor are all three bedroom units, tenants have month by month lease. Projected income for those three bedroom unit is $3200. The existing gross yearly income of the building is $141,336, nets $98,857, great potential, minutes away from 8th Avenue business district, current cap is 4% which could be better. Very busy location, make a reasonable offer today before it's gone.
Mixed use two family and one store in Boro Park area. It is a solid brick building with three stories and a full basement. The store is paying $8,078 with 5% yearly increase, the rent includes 1/3 of water bill and gas bill of the building, plus $5000 yearly property tax. The second floor and the top floor are all three bedroom units, tenants have month by month lease. Projected income for those three bedroom unit is $3200. The existing gross yearly income of the building is $141,336, nets $98,857, great potential, minutes away from 8th Avenue business district, current cap is 4% which could be better. Very busy location, make a reasonable offer today before it's gone.
Listing Courtesy of Exit Realty Professionals