2877 West 20th Street
$1,350,000
($614 per ft2)
| 2 beds, 8 baths | Approx. 2,200 ft2
197 days on Market
Key Details
-
Listed: May 30, 2024Last Price Change: ($150,000) on Jul 11Days on Market: 197Building Type: RentalNeighborhood: Coney Island (Brooklyn)
Monthly Real Estate Taxes:
$766
Total Taxes & Fees:
$766
($0.35/ft2)
Est. Monthly Mortgage:
$7,005
Mortgage calculator
Total Est. Monthly Carrying Cost:
$7,771
($3.53/ft2)
Note: the above is based on a down payment of 20% ($270,000),
which is the minimum amount permitted by the building.
Description
Coney Island Brick 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 $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning!
BRP Exclusive! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation!
DHCR available - all tenant are CURRENT & pays on time
Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning!
BRP Exclusive! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation!
DHCR available - all tenant are CURRENT & pays on time
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Listing courtesy of
Brooklyn Real Property Inc
Pricing History
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