![[Coney Island Real Estate, listing number 3320902]](https://www.vlshomes.com/images/full/3320902a.jpg)
| Description: 3320902 | |
| 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 | |
Details: |
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| Families: | 8 | |
| Property Type: | Other | |
| Rooms: | 18 | |
| Outdoor Space: | Cement | |
| Lot Size: | 20 x 118 | |
Financials: |
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| Price: | $1,350,000 | |
| Taxes: | $9,314 | |
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