Tools
Size
13
Bedrooms
5
Full Baths
3,440 Sq Ft.
interior
100 Acres
Exterior
Financial
$1,399,000
Change Currency
$407
Price Per Sqft
Listing Details
Townhouse
Property type
10056389
Web Id
1300-8886831
MLS ID
138
Days Posted
Description
487 EAST 93RD STREET, 487 East 93rd Street, 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 building
CURRENT 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: $165,000
EXPENSES:
Approximately $25,000
CAP RATE:
$165,000 (total income) - $25,000 (expenses) = $140,000 Potential Net Income
Approximately 10% CAP RATE
PHENOMENAL DEAL FOR INVESTMENT!
Approximate Expenses:
Real Estate Taxes: $9,457
Water & Sewer: $4,000
Insurance: $2,800
Fuel: $4,800
Electric: $1,000
Total Expenses: $22K
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 building
CURRENT 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: $165,000
EXPENSES:
Approximately $25,000
CAP RATE:
$165,000 (total income) - $25,000 (expenses) = $140,000 Potential Net Income
Approximately 10% CAP RATE
PHENOMENAL DEAL FOR INVESTMENT!
Approximate Expenses:
Real Estate Taxes: $9,457
Water & Sewer: $4,000
Insurance: $2,800
Fuel: $4,800
Electric: $1,000
Total Expenses: $22K
Price History
| date | Price | variance | type |
|---|---|---|---|
| 12/24/2023 | $1,399,000 | - | Listed |
Listing By: Keller Williams NYC via Data Source: RealPlus MLS
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