Multifamily building

 This property offers 6 units that are rent stabilized producing an NOI of $90,000
We are offering this sale at a stable 7.2% cap rate. All tenants are up to date with their rents and have no arrears. Each unit is a 2 bedroom (railroad) layout with one bathroom. Contact us for a private showing

Property taxes 2024 $8,690.00

Available Air Rights: 888

Construction Type: Stone

Building Frontage: 24.6

Building Depth: 69

6 - one bedroom apartments
3 - two bedroom apartments
Well maintained, quiet and clean 9 unit stabilized building with large
and spacious 1 and 2 bedroom apartments. Many property
improvements plus several units gut renovated and building’s systems
in excellent condition. Deep lot (25 x 111) with approx. 16,000 sq ft
total buildable on R-8 zoning. Long time current ownership with first
time sale in decades and a quality building for any Landlord portfolio.
Gross Bldg SF: 8,500 (25’ x 86’)
Basement not included
25.5’ x 111.25’ Lot
Stories: 4 floors
Annual Taxes: $17,032.08
NOI: $70,120.61

Brick 6 family, vacant building 
Lot size - 31.5 x 101
Building size - 25.5 x 61
Air rights: 6,364
Annual income is $87434.64

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
 

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.

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

Here is a great investment opportunity with 11.5% Cap rate. $125200 income on $1.099.000 investment. 

Two identical buildings stand side by side on a 75x100 lot. 165 Corson has been approved as a legal two-family residence, and the seller is currently awaiting a Letter of No Objection for 163 Corson to be approved as a two-family unit as well. Despite the potential upside, the seller has priced these two buildings for a three-unit sale, with two of those units being delivered vacant in November. Each unit is extremely spacious, featuring an eat-in kitchen, living room, dining room, and three bedrooms, which can be utilized as four-bedroom rentals. Each unit has a separate boiler and hot water tank (2 new boilers and 3 new hot water tanks) leaving the seller with expenses only for water, insurance, and property taxes. 2 of the apartments will be delivered vacant, rent is projected as fully occupied. Conveniently located to the Staten Island Ferry, express buses to NYC, and the new Empire Outlets, with easy access to the Verrazzano-Narrows Bridge.

Gross income: $141600 

Total expenses (including taxes): $16200 

Net income: $125200