1,857,000

Andrew Parker of RESI BK has been retained to facilitate the sale of this Prime Crown Heights VALUE ADD to the right investor. This three-story brick building totaling 3,900sqft on a 20 x 80 lot with a parking garage, features two grossly oversized three-bedroom apartments each 1,300sqft. Two commercial spaces one rented and the other vacant.All rents are all under market with tremendous upside potential.RESIDENTIAL UNITS WILL BE DELIVERED VACANTMonthly Income:$2,350.00 Apt 1 - delivered vacant$2,500.00 Apt 2 - delivered vacant$2,500.00 Store 1 (occupied)$1,700.00 Store 2 (Projected) (Vacant)$9,050.00 Total Monthly Income x 12$108,600.00 Annual Gross IncomeAnnual Operating Expenses (Excluding Mortgage)$3,800.00 Fuel Oil (Annual)$1,200.00 Gas$3,600.00 Water$1,080.00 Electric$1,080.00 Vivint Security$4,950.00 Property Tax$15,710.00 Total Operating Expenses$108,600.00 Annual Gross Income$15,710.00 Total Operating Expenses$92,890.00 NET INCOME /$1.857M PRICE = 5% Cap RateBlocks to Eastern Parkway Brooklyn Museum, Botanical Gardens and Prospect Park, Enjoy the nights in bars and restaurants in Crown heights, Bed-Stuy and Fort Greene. Minutes to NYC from Utica Ave train station.Great Location - Owner motivated to sell - Submit all offers - Come to take a look