2877 20th Street Brooklyn, NY 11224
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! 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
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyKings (Brooklyn)
- Taxes$9,314
- HOA/Condo/Coop Fees$0
- Days on Site26 Days
- MLS StatusActive
- MLS ID Number482462
- Home Size Source N/A
- Year BuiltN/A
- Lot Size Acres
- Full Baths8
- Partial BathsN/A
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General Features
- Style Other
- Construction Brick
- Building Features Storage rooms
- Parking None
- Basement Walk-in
- Number of Stories 3
- Cross Street Neptune Ave
- Property Sub Type Multi Family
- Zoning R5
Interior Features
- Heating Steam/ RadiatorGas
- Flooring HardwoodLinoleum
- Fireplace No
Exterior Features
- Roof Rubber
- Waterfront Property No
Community Features
- Building Features Storage rooms