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$ 1,425,000
Est. payment /mo
New
90 E 52nd ST #6 Brooklyn, NY 11203
3,001 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision East Flatbush
MLS Listing ID 1065814
Rental Info No
Year Built 1930
Annual Tax Amount $15,116
Lot Size 3,001 Sqft
Acres 0.0689
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 8.35 Cap 7 Unit Apartment Building In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, High Ceilings, (3) 3 Br. Apartments, (3) 4 Br. Apartments, Basement, Private Driveway, 6 Parking Spaces, Rear Yard, 3 Phase Power, Strategically Placed Curb Cut, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of East Flatbush 3 Blocks Off Linden Blvd.!!! The Property Is Situated Between Kings Theatre, The Brooklyn Museum, The Wyckoff House Museum & The Brooklyn Children's Museum!! The Property Has 30' Of Frontage On East 52nd Street!!! Neighbors Include Starbucks, UPS, CubeSmart Self Storage, Extra Space Storage, Public Storage, ShopRite, Staples, Michael's, Dunkin', Walgreens, Mavis Discount Tire, Shake Shack, McDonald's, Wendy's, Bojangles, Raising Cane's, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1F (3 Br., 1 Bath): $30,000 Ann.; Lease Exp.: 11/30/26.
Apt. 1R (4 Br., 1 Bath): $11,941.56 Ann.; Lease Exp.: 1/31/28.
Apt. 2F (3 Br., 1 Bath): $18,930.96 Ann.; Lease Exp.: 1/31/27.
Apt. 2R (4 Br., 1 Bath): $20,123.16 Ann.; Lease Exp.: 5/31/28.
Apt. 3F (3 Br., 1 Bath): $34,200 Ann.; Lease Exp.: 4/30/27.
Apt. 3R (4 Br., 1 Bath): $31,575 Ann.; Lease Exp.: 4/30/27.
LL: $18,000 Ann. M-M.
Gross Income: $164,770.68 Ann.
Expenses:
Electric: $8,546.13 Ann.
Water & Sewer: $8,475.60 Ann.
Insurance: $5,023.70 Ann.
Taxes: $15,116 Ann.
Total Expenses: $45,796.92 Ann.
Net Operating Income (NOI): $118,973.76 Ann. (8.35% Cap!!!)
Income:
Apt. 1F (3 Br., 1 Bath): $30,000 Ann.; Lease Exp.: 11/30/26.
Apt. 1R (4 Br., 1 Bath): $11,941.56 Ann.; Lease Exp.: 1/31/28.
Apt. 2F (3 Br., 1 Bath): $18,930.96 Ann.; Lease Exp.: 1/31/27.
Apt. 2R (4 Br., 1 Bath): $20,123.16 Ann.; Lease Exp.: 5/31/28.
Apt. 3F (3 Br., 1 Bath): $34,200 Ann.; Lease Exp.: 4/30/27.
Apt. 3R (4 Br., 1 Bath): $31,575 Ann.; Lease Exp.: 4/30/27.
LL: $18,000 Ann. M-M.
Gross Income: $164,770.68 Ann.
Expenses:
Electric: $8,546.13 Ann.
Water & Sewer: $8,475.60 Ann.
Insurance: $5,023.70 Ann.
Taxes: $15,116 Ann.
Total Expenses: $45,796.92 Ann.
Net Operating Income (NOI): $118,973.76 Ann. (8.35% Cap!!!)
Location
State NY
County Kings (brooklyn)
Interior
Heating Electric
Cooling Multi Units
Fireplace No
Exterior
Parking Features Private
Utilities Available Electricity Connected, See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Stone
Schools
High Schools Brooklyn 18
School District Brooklyn 18
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane