Now approved for a 421-a tax abatement for 35 years! Now 100% leased with the following rent roll: 1F $3,000 (studio with 1.5Ba and backyard) 1R $4,500 (large one-bedroom w 1.5 Ba +rec room and backyard) 2F $3,800 Large one-bedroom 2R $2,400 1-bedroom (Affordable housing unit) 3F $4,500 (Large one-bedroom w balcony + home office) 3R $2,400 (Affordable housing unit) 4F $2,400 (Affordable housing unit) 4R $4,500 ( Large one-bedroom w balcony + home office and Manhattan skyline views) = $27,500 12 = $330,000 Annual expenses: Water and sewer $3,500 Insurance $4,000 Tax $1,600 $320,900/ $6,495,000= 4.9% CAP RATE 383 12th street is your opportunity to own a brand new multi-family located in highly desirable Park Slope. The building consists of 8 brand new, never lived in, one-bedroom apartments. 6 of the 8 apartments feature private balconies or private backyards. Every apartment features stainless steel appliances including gas range, refrigerator, dishwasher, microwave, central air conditioning and heat, as well as in unit washer dryer. The building features a common roof deck with stunning views of the Manhattan skyline. Living here means having the best of Brooklyn just steps from your door. Great boutiques, restaurants, markets, and bars are along 7th and 5th Avenues, and Prospect Park is just 2 blocks away for concerts, picnics and recreation. The F and G trains are 3 blocks away and the R is a short walk for an easy commute into downtown Brooklyn and Manhattan.
