One of a Kind. Fully Renovated Mixed-Use Building with 3 Luxury Vacant 2 Bedroom units and leased commercial space (10 year lease). High quality construction. Cherry custom kitchen cabinetry, hardwood floors, granite countertops stainless steel appliances, luxury subway tiled bathroom with mosaic inlays, double sheet rocked walls and ceilings. High rated Insulation, double paned windows.
Cap Rate 5 %
Estimated annual income $139,760.
Commercial Tenant $4,680 per month.
2 Two bedrooms @ $2100 and $2200 per month = $4300
1 Two Bedroom Bedroom at $2500 per month
Total Projected Income: $11,660 monthly – Annual $139,920
Estimated Expenses: Taxes $13,300 (commercia0 tenant pays $2,000).
Net taxesd $11,300,
Insurance $2000 yr
Maintenance $1200 (Super plus supplies),
Common Area Utilities $1200
Water/Sewer $800 yr.
Miscellaneous Expenses $1800
Management Fee 4% $5,304
Total $23,604
Projected Net Income: $115,996
Building Specs:
Lot sq. ft.: 1,383 Lot dimensions: 19.75 ft x 70 ft.
Building class: Miscellaneous (K9),
Building Sqft:. 3,724 Plus Extension = 4400 SQFT
Building dimensions: 19.75 ft x 42 ft
Stories: 4,
Has extension.
Year built: 1899 (estimated)
Schedule an appointment today with Stanley Gleaton at 646 408-6032 and Elaine Perry at 917 841-3230.
