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For Sale - Brooklyn NY - 6 Family Units

Asking Price : 1.2M Plus 3% Fee

Year built: 1920
Building Area: 5,832 sqft.
Building Class: C
Lot Area: 2,850 sqft.
Number of floors: 3
Total Units: 6
Residential Units: 6
Primary zoning: R5
Commercial Overlay: None
Annual Gross Rental Income: $201,6002
Monthly Rent Roll: $9,476
Expenses: $4,550
Taxes: $7,293

Total Expenses: $11,843
Net Ordinary Income: $189,757
CAP Rate: 8.09%

For Sale - Brooklyn NY - 6 Family Units

Asking Price : $2 Million

Lot Area: 1,500 sq ft (20’ x 75’)
Number of Buildings: 1
Year built: 1930
Building frontage: 20 ft
Number of floors: 3
Building Area: 4,020 sqft
Total Units: 6
Residential Units: 6
Primary zoning: R5B
Commercial Overlay: None
Floor Area Ratio: 2.68
Max Allowable Residential FAR: 1.35
Max Allowable Commercial FAR: 0
Max Allowable Facility FAR: 2
Annual Rental Income: $113,712
Monthly Rent Roll: $9,476
Expenses: $26,301
Debt: $901,491
Debt should be assumed: Year ⅗
Bank: Suffolk
Cap X: $140,000
Cap X Details: New front door. Building renovated in 2008

Vacancy Loss: $3,411
Repairs and Maintenance: $4,000
Water and Sewer $6,100
Electric $1,300
Taxes $5,500
Insurance $3,990
Super $2,000

Total Expenses: $27,301
Net Ordinary Income: $87,411