Mixed Use Renovated Building Prospect Lefferts Gardens Brooklyn
Prospect Park Lefferts Gardens Mixed Use building Fantastic location 7- two bedroom apartments plus 1 Retail Store on ground floor , 6 apartments are renovated with all new kitchens .& bathrooms, floors, walls windows etc. One apartment is vacant . Four apartments are decontrolled , 2 are rent stabilized, one is a preferential rent that will go to market rent at the next vacancy. Store has no lease and pays $2500.00 per year for RE Tax and $ 875 per year for water tax. There is a new central gas boiler , new hot water tank , new roof , all new windows with the new renovations . Tenants pay online. Actual Net Rent Income $131,00 Approx 6.3 Cap . not including the vacant apartment. Potential Net Rent income $181,000.00, 8.4 Cap Call Listing Broker to show. All Buyers MUST provide Proof of Funds before showing date.
Renovation: 6 of the 7 apartments have all been renovated with new kitchens / bathrooms, flooring ,sinks, cabinets etc. New Burnham Gas boiler , New Hot water tanks , new roof, all new windows .
Interior Features
Steam Radiators
Gas Fuel
Exterior Features
Masonry - Brick Construction
Brick Siding
Rubber Roof
Municipal Water
Municipal Sewer
Near Bus
Near Train
Commercial Info
5% Cap. Rate
Income/Expenses
Gross Income $155,000
Maintainence Exp $5,000
Insurance Exp $5,400
Heat Exp $6,000
Electric Exp $1,200
Water Exp $9,000
Misc Exp $15,336
Total Exp $41,936
Paid by Landlord: Electric, Heat, Gas, Cleaning, Insurance
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