2877 West 20 Street, Brooklyn, NY 11224

27 Photos
 
$1,199,000
Active for Sale
 
Listing ID 10920559
Property Type Multi-Unit
County Kings
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Township Kings
Neighborhood Coney Island
Total Tax $8,700
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Coney Island 8 family with 7% Cap Rate! Near train

Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. ALL Free market units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. CURRENT GOI = $116,964 CURRENT NOI = $98854 CURRENT CAP RATE 7% huge backyard! New roof, Sprinkler system, Stairways & many other updates! On 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: .Fully occupy with projected 8% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few blocks away -Near train , shopping off Neptune Avenue! Steps to beach!
Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. ALL Free market units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in re
Property Details
  • 2 Total Bedrooms
  • 8 Full Baths
  • 3 Stories
  • Available 7/22/2020
  • Other Style
  • Full Basement
  • Lower Level: Finished, Walk Out
  • Renovation: New interior hallway, sprinkler system, steps, door, floors, updated wiring , heating system, & much more!
Unit Information
Unit #1Residential, Bedrooms: 1, Full Baths: 1, Occupied
Interior Features
  • Eat-In Kitchen
  • Laminate Kitchen Counter
  • Oven/Range
  • Refrigerator
  • Hardwood Flooring
  • Vinyl Flooring
  • Garden
  • 15 Rooms
  • Entry Foyer
  • Living Room
  • Kitchen
  • Baseboard
  • Steam Radiators
  • Gas Fuel
  • Natural Gas Avail
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Tar Roof
  • Municipal Water
  • Trees
  • Near Bus
  • Near Train
Community Details
  • Low-rise (Bldg. Style)
Taxes and Fees
  • $8,700 City Tax
  • $8,700 Total Tax
Listed By
BROOKLYN REAL PROPERTY INC
Office: 718-875-8899
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