Overview
Calling All Investors, Developers & End-Users!!! 6 Unit Apartment Building On Bedford Avenue In Brooklyn For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong R7A Zoning, 6 Parking Spaces, High 10’ Ceilings, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just 5 Blocks From Rt. 27 Near Prospect Park Lake & The Brooklyn Museum!!! Neighbors Include UPS, FedEx, CubeSmart Self Storage, Target, ShopRite, AutoZone, Bank Of America, Optimum, Blink Fitness, Planet Fitness, Key Food, Dunkin’, Walgreens, McDonald’s, BP Gas, Taco Bell, Duane Reade, Dollar Tree, Five Below, Subway, National Wholesale Liquidators, Aldi, IHOP, Wendy’s, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!! Income: Apt. 1A (1 Br., 1 Bath): $21, 600 Ann. (Available) Apt. 1B (2 Br. 1 Bath): $17, 492.40 Ann.; Lease Exp.: 2/28/24. Apt. 2A (1 Br. 1 Bath): $7, 239 Ann.; Lease Exp.: 6/30/24. Apt. 2B (2 Br. 1 Bath): $16, 855.08 Ann.; Lease Exp.: 12/31/23. Apt. 3A (1 Br. 1 Bath): $7, 058.16 Ann.; Lease Exp.: 6/30/23. Apt. 4A (2 Br. 1 Bath): $25, 200 Ann. (Available) Pro Forma Gross Income: $95, 444.64 Ann. Expenses: Heat: $1, 214 Ann. Electric (Common Areas Only): $723 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $5, 203.53 Ann. Insurance: $6, 945 Ann. Taxes: $15, 516.56 Ann. Total Expenses: $29, 852.09 Ann. Pro Forma Net Operating Income (NOI): $65, 592.55 Ann.