487 East 93rd Street, #1, BROOKLYN, NY 11212

5 FAMILY FOR SALE IN EAST FLATBUSH!!INCREDIBLE INVESTMENT OPPORTUNITY!!PROPERTY DETAILS: TAXES $9457?Multi-Family Property?Two-story walk-up?5 Units?Lot Size: 30 x 100ft?Brand new boiler and plumbing throughout buildingCURRENT RENT ROLL:?Apt 1F: $2,040?Apt 1R: $2,417?Apt 2F: $3,385?Apt 2R: $2,387?Basement: $2,696?Total Income: $12,985?Yearly Gross Income: $155,820 RENEWAL POTENTIAL:?Apt. 1F can be renewed at $2,960, adding $660 per month or $7,929 per year.?Total Gross Income with renewal: $165,000EXPENSES:?Approximately $25,000CAP RATE:?$165,000 (total income) - $25,000 (expenses) = $140,000 Potential Net Income?Approximately 10% CAP RATEPHENOMENAL DEAL FOR INVESTMENT!Approximate Expenses:Real Estate Taxes: $9,457Water & Sewer: $4,000Insurance: $2,800Fuel: $4,800Electric: $1,000Total Expenses: $22K