$5,200,000 • living size area 10467 sqft

Flatbush prime corner 3 story building 3 stores and 8 apartments. apartments are free market rent. each apartment has their own heating, hot water tanks, air conditioning and are paid by tenants. store #1 - corner bakery - $7,576. lease exp: 2/2030 store #2 - smoke shop - $5,409 lease exp: 3/2030 store #3 - church - $2,784 all stores have a 3% increase per annum apartments: 2/1 bedroom - 4/2 bedrooms - 2/3 bedrooms apt 1 - 1 bedroom, 1 bath $2,484 sec 8 apt 2 - 1 bedroom, 1 bath $2,057 sec 8 apt 3 - 2 bedrooms, 1 bath $2,762 sec 8 apt 4 - 2 bedrooms, 1 bath $2,762 apt 5 - 2 bedrooms, 1 bath $2762 sec 8 apt 6 - 2 bedrooms, 1 bath $2,762 sec 8 apt 7 - 3 bedrooms, 2 baths $3,084 apt 8 - 3 bedrooms, 2 baths $3,220 apartments have their own heating, hot water tanks, air conditioning and are paid by tenants. taxes: $77,075. insurance: $9,000 electric: $1,500 water: $6,800 repairs: $8,000 payroll: $8,000 heat,, a/c, gas pd by tenants gross income $451,944 net income $355,063 cap rate 6.8

Multi Family - for Sale

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