Multifamily building

12 units with 7 parking lot, 42 wide, 4 story building, R7 zoning,
Total lot 50X125
Available air rights 8,944
Taxes 21.037.52
NOI 185.101
Cap rate 6.5%

Please find the setup in pdf below

This is an exclusive opportunity
to purchase a development site located at 101, 109 & 113 Blake
Avenue in the Brownsville neighborhood of Brooklyn. The site is
composed of three contiguous lots totaling approximately 14,500
buildable square-feet. The lots are zoned R6 and has a residential
FAR of 2.43. The site occupies an entire block front and boasts an
estimated total of 255 square-feet of combined frontage along
Saratoga Avenue, Blake Avenue and Strauss Street.
101-113 Blake Avenue is ideally situated just two blocks away from
mass transit served by the 2 and 3 subway lines at the Saratoga
Station. Nearby shopping and dining are located just a few blocks
away on Pitkin and Rockaway Avenues. Neighborhood amenities
include First Response Urgent Care, Brookdale Hospital Center, Betsy
Head Park and Lincoln Terrace Park. Brownsville is experiencing a
rise in new developments which are primarily large mixed-use
buildings with residential, retail and community facility space

A 46’ wide seven unit three story apartment building. The property has a drive way to the side, to the back is a four car garage with extra storage space located to the back of the garage. The building has a beautiful brick façade with a wide frontage. The apartments are mostly two-bedroom units with a living/dining area and a full kitchen and bathroom. The apartments have been renovated with wood floors and stainless steel appliances. The bathrooms have been nicely tiled with modern bath tub and sink. All the units are free market except for apartment 1, and are located to the front and back of the building. There’s also a rooftop terrace.
Net Operating Income:   $163,423.84 CAP RATE: 5.0% For Investor $228 Per Buildable Square Foot For Developer 
For more information please email me to vardan@avenuesny.com 

6 unit corner building in Bedford Stuyvesant! with a potential 9% + Cap Rate!
Asking $895K

Building Size 8.121 SF

Building-20×62

Lot- 20×94
Taxes-$6,000
Rent Stabilized
Building Class- C

Cap Rate 9.97%

This is a 10 units with two stores building.
Lot Size 25X100
Building size 14.491 Sqft
Price per Sqft is $362
Zoning R9

There are seven 3-bedrooms apartment, and tree 2-bedroom apartment, all units are RS.
The annual net income is $354.687
Cap rate 6.8%
Gross income is $399.674
Total Expenses: $44.987
For more 9information please email me to vardan@avenuesny.com
 

VACANT LOT FOR SALE WITH APPROVE PLANS 
FOR A 6-UNIT FOUR STORY BUILDING 
Block- 5191
Lot – 13
Lot size – 20X100

Basement 20X52=1040 built
1st floor 20X52=1040 built
2nd floor 20X52+1040 needs to be build
3rd floor 20X52+1040 needs to be build
4th floor 20X52+1040 needs to be build

Zoning: FAR- R6 (2.43) Height Limit 70`
Total Buildable Sq.Ft- 4860
RE Taxes $4762.40

Projected annual income is 192.000
$195 Per buildable Sq.Ft
Asking price – 950.000
 
 

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.

Lot Size: 25’ x 100, The 44-foot tall structure will yield 4,970 square feet for residential use. Seven apartments will be created, averaging 710 square feet apiece, indicating rentals. Tenants will have access to a laundry room and storage in the cellar.

Permits have been pre-filed for a four-story residential building at 168 Bradford Street, in East New York, Brooklyn. The neighborhood is one of four where the city is collaborating with the community to promote the development of affordable housing and create pedestrian-friendly streets. The site is three blocks away from the Van Siclen Avenue subway station, serviced by J and Z trains.

Block: 3690 Lot: 22 Lot Size: 25’ x 100’

$110 PER BUILDABLE SQUARE FOOT

 Approve Buildable Sq Ft: 5,500 

Assessment: Real Estate Taxes: $12,322 (22/23) $2,502.48

Approve Zoning: R6B (2.2) Height Limit 50’ Inclusionary Housing District

LEGAL 3 FAMILY/plus a basement, 

1st floor is a vacant one-bedroom apartment, the City pays $2696 via programs for one bed apartments

2^nd floor is occupied two-bedroom apartment, City pays 3027 for two bedrooms

3^rd floor is a vacant two-bedroom apartment, City pays 3027 for two bedrooms

The basement is a finished 1-bedroom apartment……….

Legal Gross annual income is $105.000

The annual tax is 3194 

Insurance - 2955

Heat - 2228

water - 2674

LEGAL 3 FAMILY/plus a basement,  RECENTLY RENOVATED SEMI-DETACHED 15 ROOM 5 BEDROOM 4 BATHROOM INVESTMENT PROPERTY PLUS FULL FINISHED BASEMENT. EASY WALK TO THE STATEN ISLAND FERRY & EMPIRE OUTLETS. THIS IS AN ARCHITECTUAL BEAUTY WITH NEWER ROOF, HIGH CEILINGS, HARDWOOD FLOORS & HILL TOP VIEWS. LONG DRIVEWAY FOR 5-6 CAR OFF-STREET PARKING. LARGE BACKYARD TO ENTERTAIN. 2ND & 3RD FLOORS OFFER SPACIOUS LIVING ROOM/DINING ROOMS, KITCHEN, FULL BATHROOM & 2 BEDROOMS EACH. 1ST FLOOR HAS A LARGE LIVING ROOM, KITCHEN, FULL BATHROOM & BEDROOM. FINISHED BASEMENT INCLUDES WALK-IN BACK ENTRANCE WITH 3/4 BATHROOM, PLENTY OF STORAGE & UTILITY ROOM CONSISTING OF A NEWER BOILER & 3 HOT WATER TANKS. THIS WONDERFULL OPPORTUNITY HAS LOW TAXES, 4 ELECTRIC METERS & 3 GAS METERS.

Heating

• Hot Water, Natural Gas

• Details

• Parcel number: 000250023
• Zoning: R3-A

• Type & style

• Home type: MultiFamily
• Property subtype: Multi Family

• Materials

• Vinyl Siding

• Condition

• New construction: No
• Year built: 1899

• Utilities & green energy

• Electric: 220 Volts
• Sewer: Public Sewer
• Price per square foot: $359/sqft
• Tax assessed value: $661,000
• Annual tax amount: $3,194

A 24’ wide 6-unit (free market), three story apartment building. The units are all two-bedroom apartments with a living/ dining area a full kitchen and full bathroom. The apartments are individually metered for cooking gas and electric. All the meters are in the basement. The building has an oil boilers and gas water heater. The apartments have been vacant for over ten years. The units are located to the front and back of the building. The property needs a complete gut renovation.

Lot Size: 24’ x 100’ Building Size: 

Basement: 24’ x 67’ irr = 1,320 sq. ft. 

1st Floor: 24’ x 67’ irr = 1,320 sq. ft. 

2nd Floor: 24’ x 67’ irr = 1,320 sq. ft. 

3rd Floor: 24’ x 67’ irr = 1,320 sq. f

Stories: Three (3) Plus Basement 

Gross Square Feet: 3,960 (Approximately)

Above Grade Zoning: (FAR) Total Buildable Sq. Ft: 3000

 Real Estate Taxes:13.257.40

Total Annual Expenses $24,557.40

Net Operating Income: $142,842.6 

Net Operating Income: $142,842.6 CAP RATE: 7.1 %

Please find more details in the document attached