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New York NY 11207

19
19
0.11 ac.
Multi-Family
Currently for sale - view listing

Overview

FIRST TIME ON THE MARKET IN OVER 40 YEARS. MOTIVATED SELLER. A pristine 19 unit apartment building located in East New York. Each unit consist of 1 bedroom/ 1 bath. Fully occupied and rent-stabilized. Buyers must provide proof-of-financing and meet with the broker before showings are scheduled. The roof is leased to a wireless company for satellite tower space. Owner is entitled to 60% of profits if subleased. Property Taxes: ~$64,000 Insurance: ~$13,000 Maintenance(estimate): ~$1,840 Heating(oil): ~$16,000 Hot Water: ~$15,000 Operating Expenses: $142,840 Gross Income: $276,000 Cap Rate: 4.16%

Features

19 bedrooms
19 bathrooms
0.11 ac. lot size
Multi-Family

Happy sellers in New York

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Local market activity for 19 bedroom multi families in New York

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Sales:
(619) 566-0008
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