Price Reduced 10.00%
Listing courtesy of Brooklyn Real Property Inc
Price History
$1,500,000
5/30/2024
$1,350,000
7/12/2024
2877 West 20th Street, Brooklyn, (Coney Island), NY, 11224
18 rooms
2 beds
8 Full baths
1901
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
Status:
Active
Town:
Brooklyn
Type:
Commercial
Zoning:
R5
Building Type:
Low-Rise
Cooling:
Unknown Type
Levels:
3
Amenities:
Sprinkler System;
Washer/Dryer Hookups:
Utilities Included:
Yes
Building Access:
Walk-up
Service Level:
Voice Intercom
Built Size:
20'x55'
OLR #:
RPLU716123037445
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