Details
- Three story multi-family building consisting of 6 residential units in Crown Heights.
- The building is fully occupied and cash flowing.
- The building is self-managed and kept in immaculate condition.
- Most of the units have been renovated and are well kept.
- The building has zero open violations.
- Building is tax class 2A and is protected from major increases.
- Property is located near Crown Heights – Utica Avenue [3,4,5] Train Station.
- Lot Size: 2,333 SF (23.33′ x 100′)
- Building Size: 4,485 SF (23.33′ x 65′)
- Zoning: R6
- F.A.R (As Built): 2.43 (1.92)
- Total Buildable: 5,669 SF +/-
- Cross Streets: Buffalo Avenue & Ralph Avenue
- Year Built: 1911
- Cap Rate ~ 6.42%
- Projected Cap Rate ~ 7.44%
- GRM ~ 11.2
- The asking price is set at $1,399,000 ~ please speak to exclusive agent for more details
