Fully Renovated Mixed-Use Building with 6 rented apartments and one leased commercial space (10 year lease). High quality construction. Maple kitchen cabinetry, hardwood and tiled floors, new appliances, tiled bathroom. High rated Insulation, double paned windows.
Building Configuration
Basement/SubFlr: Storage + Utility Rooms
1st Floor: Large Store ( 2000+ Sf ) ,
2nd Floor: 3Br Apartments + 1 Studio
3rd Floor: 2 * 2Br Apartments, 4th Floor: 2 * 2Br Apartments
Estimated annual income $124,452
$1150
$1100
$1350
$1240
$1197
$1094
$3240 Commercial Tenant
+____________
$10,371 Monthly.
Commercial Tenant $3240 per month.
Estimated Expenses: Taxes $18,000
Insurance $2000,
Maintenance $1200 (Super plus supplies),
Common Area Utilities $1200
Water/Sewer $800yr.
Total Expenses $23,200
Net Income: $101,252
Building Specs:
Lot dimensions 25 ft x 88.83 ft
Lot sq. ft. 2,221
Building dimensions: 25 ft x 69 ft
Building size: 7,000 Sq Ft (Approx.)
Stories: 4
Year built: 1931
Max allowed FAR: 2
Projected tax bill $18,703.58
Zoning: C8-2
Building class: Miscellaneous (K9)
Schedule an appointment today with Kahir El at 347 912 5286. and Elaine Perry at 917 841-3230.
