80 Saint Nicholas Avenue Bushwick NY, 11237
$1,150,000
ML# 3436910
Property Picture

Calling All Investors, Developers & End-Users!!! 8.77 Cap 6 Unit Apartment Building With 2 Garages For Sale!!! The Building Features Excellent Signage, Great Exposure, Separate Meters, LED Lighting, New Electric, New Gas Lines, New Water Lines, New Silicone Roof, New Waste Lines, Renovated Apartments, 6 Parking Spaces, A/C, +++!!! Located In The Heart Of Upper Bushwick WIth Rooftop Views Of Manhattan!!! Neighbors Include CVS, Rite Aid, Capital One, TD Bank, Bank Of America, Blink Fitness, Dollar Tree, Dollar General, +++!!! The Property Offers EASY ACCESS TO MANHATTAN Via The Train & The Williamsburg Bridge!!! This Property Offers HUGE UPSIDE Potential!!! Income: 1L: $1, 553.25 Per Month ($18, 639 Ann.) 1R: $1, 496.82 Per Month ($17, 961.84 Ann.) 2L: $2, 242.73 Per Month ($26, 912.76 Ann.) 2R: $1, 514.70 Per Month ($18, 176.40 Ann.) 3L: $1, 904.77 Per Month ($22, 857.24 Ann.) 3R: $1, 997.52 Per Month ($23, 970.24 Ann.) Garage: $6, 000 Ann. Gross Income: $140, 790.12 Expenses: Gas: $6, 000 Ann. (Heating Only) Electric: $680 Ann. (Hallway & LL) Maintenance/ Repairs: $250 Insurance: $3, 823 Ann. Taxes: $11, 607.24 Ann. Total Expenses: $22, 360.24 Net Operating Income (NOI): $118, 429.88 (8.77 Cap)

    Presented by Richard Matt Shane
    Richard Matt Shane Licensed Associate Real Estate Broker 516-783-5600 (516) 279-8828 516-279-8828 516-783-6023 matthewshane8828@gmail.com