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$999,000

For Sale - Active
9 Holmes Ln, Brooklyn, NY 11236
6 Beds
5 Baths
0 Square Feet
0.06 Acres Lot
Built in 2005
For Sale - Active
2 Units
Checked: 12 hours ago
Updated: Jul 21, 2025 at 04:42AM

Investment Summary


Monthly Cash Flow
-$3,819
Cap Rate
1.5%
Cash-on-Cash Return
-19.9%
Debt Coverage Ratio
0.24
Internal Rate of Return (5 years)
-15.3%

Property Description


0.06 Acres Lot
Built in 2005
For Sale - Active
2 Units

Location, location, location! This ultramodern masterpiece has been meticulously renovated, offering unmatched elegance, exquisite design, and unparalleled craftsmanship. Nestled in a highly desirable area, this home redefines luxury living with every detail thoughtfully curated. Its open-concept layout seamlessly connects indoor and outdoor spaces, creating an inviting atmosphere ideal for gatherings of all sizes. Every corner of this property reflects exceptional attention to detail, from the premium materials used throughout the interior to the beautifully landscaped surroundings that enhance its charm. Designed for both comfort and sophistication, this residence offers a lifestyle of unparalleled refinement. ADU capable, it provides versatility to suit your needs. Schedule a viewing today to experience this extraordinary home and all it has to offer. Don’t miss the opportunity to make this one-of-a-kind sanctuary yours!

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 5.0

Interior Features

  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full, Walk-Out Access

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 082410153
  • Lot Size: 2527 sqft

Property Information

  • Property Type: Duplex
  • Year Built: 2005

Tax Information

  • Annual Tax: $8,401

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard
  • Cooling: Wall/Window Unit(s)

Location

  • County: Kings

Listing Details


Listed by:
Michael Ohabi
Voro LLC
(516) 698-2737

Source:
OneKey MLS
MLS#: 829485
OneKey MLS

Investment Summary


Monthly Cash Flow
-$3,819
Cap Rate
1.5%
Cash-on-Cash Return
-19.9%
Debt Coverage Ratio
0.24
Internal Rate of Return (5 years)
-15.3%

Purchase Details

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Purchase price:
$999,000
Amount financed:
-$799,200
Down payment:
$199,800
Closing costs:
$29,970
Rehab costs:
$0
Initial cash invested:
$229,770
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$799,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$5,051
Property tax:
$700
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,947

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$700-$8,402
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (50%)
50%-$1,400-$16,802

Cash Flow


Monthly Yearly
Net operating income:
$1,232 $14,784
Mortgage payments:
-$5,051 -$60,612
Cash flow:
$3,819 $45,828