Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time
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DAYS ON MARKET
|
177
|
LAST UPDATED
|
8/9/2024
|
|
YEAR BUILT
|
0
|
COMMUNITY
|
Coney Island
|
|
COUNTY
|
Kings
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
| APPLIANCES |
Cooktop, Gas Water Heater |
| AREA |
Coney Island |
| CONSTRUCTION |
Brick |
| HEAT |
Natural Gas, Steam |
| LOT |
2178 sq ft |
| LOT DIMENSIONS |
118 x 20 |
| STORIES |
3 |
| STYLE |
Other |
| TAXES |
9314.28 |
| ZONING |
R5 |
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Listing provided by Jean Paul Ho, BRP Associates Inc
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