What does insurance and Water/sewer cost for 3 unit in BK?

Question

Hi,

I currently have two properties in the Jersey City area. I'm in the process of doing a refinance on one to move on to my next investment property.

I was debating on doing the Bed Stuy or Bushwick area of Brooklyn. I'm running the numbers but I have no idea what water and sewer bills and insurance bills are like for a 3 unit multi family in that area? Anyone who owns over there could give me some numbers that would be awesome.

Thanks!

Julie Verardi · Answer

Thanks @Remo F.

Julie Verardi · Answer

@Llewelyn A. Thank you! Very helpful.

Llewelyn A. · Answer

Hi @Julie Verardi

I own a 3 Family, 4 Story Bed-Stuy Brownstone near Tompkins and Hancock Street.

Here is one year of my Water / Sewage Bill:

For insurance, you should call up and ask for Quotes for a Business Owner's Policy (BOP) which combines both Property and Business Liability Insurance. I would say it will run you around $4k but get quotes.

Hopefully this helps out.

Investor Llew

What does insurance and Water/sewer cost for 3 unit in BK?

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