2877 West 20 Street, Brooklyn, NY 11224
$980,000
Sold Price
Sold on 4/05/2022
Listing ID |
10920559 |
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Property Type |
Multi-Unit |
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County |
Kings |
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Township |
Kings |
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Coney Island 8 family with 9% Cap Rate! Near train
Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized 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 Monthly income $ 9,840.90 Programs Yearly $ 118,090.80 Income Gross Expense $ 19,147.00 CURRENT CAP RATE 9% 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! Huge price reduction from initial $1.490 Million Very well maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time- Call Jean-Paul
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- 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 #1 –
Bedrooms: 1, Full Baths: 1, Occupied
- Eat-In Kitchen
- Laminate Kitchen Counter
- Oven/Range
- Refrigerator
- Hardwood Flooring
- Vinyl Flooring
- Garden
- 15 Rooms
- Entry Foyer
- Living Room
- Kitchen
- Fire Sprinklers
- Baseboard
- Steam Radiators
- Gas Fuel
- Natural Gas Avail
- Brick Siding
- Tar Roof
- Municipal Water
- Trees
- Near Bus
- Near Train
- $8,700 City Tax
- $8,700 Total Tax
- Sold on 4/05/2022
- Sold for $980,000
- Buyer's Agent: Jean Paul Ho
- Company: Brooklyn Real Property, Inc.
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BROOKLYN REAL PROPERTY INC
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Listing data is deemed reliable but is NOT guaranteed accurate.
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