Details
- Thirty-unit multi-family building in the East Flatbush neighborhood of Brooklyn.
- Occupancy is at 100% with one unit dedicated for the super.
- Heating system was recently upgraded to a gas boiler.
- Additional revenue is earned from rooftop antennas leased out AT&T /Sprint with 15 years remaining with 3% yearly escalations.
- Ownership has applied and accepted a reduction in tax assessment.
- Lot Size: 8,000 SF (80′ x 100′)
- Building Size: 3,880 SF (80′ x 90′)
- Number of Units: 30
- Zoning: R5
- F.A.R (As Built): 1.25 (3.44)
- Total Buildable: 10,000 SF +/-
- Cross Streets: SE Corner of Avenue A & E 94th Street
- Year Built/Renovated: 1929/1988
- Cap Rate ~ 4.8%
- Price Per Square Foot ~ $227
- GRM ~ 13.5
- The asking price is set at $6,000,000 ~ please speak to exclusive agent for more details
