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Investment @property Directory

Investment Deal in Brooklyn

Commercial Income Property (Multifamily)

Listing Expired over 2 years ago

List Price:

$800,000

XXXX Ave
Brooklyn, New York 11216 Get Map


Posted May 15, 2009



Description:

NTERESTED BUYERS (ONLY ALL-CASH BUYERS) MUST SIGN NCND AGREEMENT AND SEND POF (FROM THEIR BANK)

Great Income producer property in Bedford Ave
Crown Heights!

Asking price $800K (negotiable)

6 units (one bedroom each) rented for $940 each
Commercial space (65×20 sqf) rented for $1500

No repairs needed

Current Gross Income: $85,680
Taxes: $8,961
NOI (estimated): $64,000
Cap rate: 8%

Close to public transportation (4,5,2,3 in Frankllin Ave subway stop)
Upcoming and growing neighborhood