All apartments listed on this website have a broker's fee unless otherwise indicated.
Description
This is a 4 Story, 4 Family in the Park Slope Area of Brooklyn. Apartments are Newly Renovated and have Hardwood Floors. Huge Yard with Deck and Gazebo!.
Lot Size: 20x100
Building Size: 20x50
Fully Occupied, Can Be Delivered Vacant.
Current Income/Expenses
Potential Income/Expenses - Option A
Potential Income/Expenses- Option B
Annual Income
106,800
Potential Income
128,400
Potential Income
128,400
Water
1,200
Water
1,200
Water
1,200
Con Edison
540
Con Edison
540
Con Edison
540
Taxes
5,694
Taxes
5,694
Taxes
5,694
Fuel
5,500
Fuel
5,500
Fuel
0
Insurance
3,849
Insurance
3,849
Insurance
3,849
Repairs
1,602
Repairs
1,926
Repairs
1,926
Vacancy (3%)
3,204
Vacancy (3%)
3,852
Vacancy (3%)
3,852
Annual Expenses
16,783
Annual Expenses
16,783
Annual Expenses
11,283
Renovation
0
Renovation
4,100
Renovation
14,500
First Year NOI
90,017
First Year NOI
107,517
First Year NOI
102,617
Second Year NOI
93,221
Second Year NOI
115,469
Second Year NOI
120,969
Cap Rate
6.21%
Cap Rate
7.17%
Cap Rate
6.84%
Alt Cap Rate (Based on Yr 2)
7.70%
Alt Cap Rate (Based on Yr 2)
8.06%
Near the R Train -Prospect Avenue Stop & a short walk to F,G Trains -15th Street / Prospect Park Stop.
