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Listing Courtesy of Revived Residential
$ 2,199,000
Est. payment | /mo
10 Beds
6 Baths
2,961 SqFt
$ 2,199,000
Est. payment | /mo
10 Beds
6 Baths
2,961 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,961 sqft
Price per Sqft $742
Subdivision Brighton Beach
MLS Listing ID RLS20054555
Bedrooms 10
HOA Y/N No
Year Built 1932
Annual Tax Amount $15,000
Property Sub-Type Multi Family
Property Description
This well-maіntainеd building іn the vibrant Brighton Beaсh neіghborhood of Brooklyn offers a variety of unit types, providing a steady rental income stream. The property includes 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment. The units generate a total monthly rent of $21,122 and a gross yearly rent roll of $253,464, with a net income of $200,200. Expenses include heat ($8,500), electric ($4,800), water/sewer ($4,800), insurance ($10,000), taxes ($15,000), and repairs ($7,000), for total annual expenses of $50,100. The building features a new roof with solar panels, new plumbing, updated electrical systems and tile throughout. The water heater and boiler are 3 years old. With a cap rate of 9.1%, this property offers a steady cash flow appealing to investors. It's conveniently located near local amenities, transportation, and the Brighton Beach community.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 08677-0012
Ownership None
Monthly Total Fees $1, 250
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by eXp Realty