Address:

166 ATKINS AVENUE
Brooklyn, NY 11208
United States

Rent or Sale
Sale
Property Type
Price
$1,250,000
still in the market

This is a great investment option.
All apartments are free market,
On the 1st floor - two bedroom, 920 SQFT apartment with a huge garden
2nd floor -three bedroom apartment. 920 SQFT
3rd floor- 4 bedroom apartment. 902 SQFT

BREAK DOWN OF ROOM RENTS
Income:
Unit Description Unit Type Rev
First Floor: 1 1 Bed Room Free Market $2,300
(2 Bedroom Apt) 1 Bed Room Free Market $800
Second Floor: 2 1 Bed Room Free Market $1,100 Vacant
(3 Bedroom Apt) 1 Bed Room Free Market $800
1 Bed Room Free Market $800
Third Floor: 3 1 Bed Room Free Market $800
(4 Bedroom Apt) 1 Bed Room Free Market $800
1 Bed Room Free Market $800
1 Bed Room Free Market $800
Monthly Income: $9,000
Annual Income: $108,000

Expenses:
Real Estate Taxes: $2,309.80
Water & Sewer: $2,650.00
Insurance: $2,300.00
Heat & Cooking (Gas): $3,200.00
Electric: (common areas) $1,200.00
Repairs & Maintenance:
Total Annual Expenses
$1,800.00
$13,459.80
Projected Net Operating Income: $103,540.2 CAP RATE: 8.3%
ASKING PRICE: $1,250,000

You can make up to 10% cap rate.

Posted Date
Attachment Size
Setup For 166 Atkins Avenue. Brooklyn, NY.pdf (2.47 MB) 2.47 MB