Vacant 3 units building in Crown Hights for $1.250.000

This is vacant building in Crown Hights. 
A 19’ wide 3-unit three story building. The first floor is a two bedroom floor-through garden apartment. The second floor is a two-bedroom floor-through apartment. The third floor is a two bedroom floor-through apartment. The units have 10’ ceilings and get great sunlight. The units are individually metered for cooking gas and electric. All the meters are in the basement.
The property is a prime investment opportunity because since the units are vacant and in need of renovation an investor can renovate them and rent them as free market apartments. The units can each have their own boiler and water heater. The first floor units can be duplexed with the basement, which would give them more value

Lot Size: 19’ x 100’ 
Zoning: (FAR) R6 (2.43)
Total Buildable Sq. Ft: 4,617
Total Available Air Rights: 2,223
Real Estate Taxes: $3,331.92
Water & Sewer: $2,350.00
Insurance: $2,200.00
Heat (Gas): Tenants will pay their own.
$0.00
Electric: (common areas) $1,250
Repairs & Maintenance: $1,800.00
Total Annual Expenses  $10,931.92
Net Operating Income: $75,468.08 CAP RATE: 6.0%

Kervin