Six-family brick walk-up in East Flatbush, half a block from the 2/5 train at Beverly Rd. All six units are 2BR/1BA, 100% occupied and rent-stabilized.
$111,516 gross annual rent. $63,176 NOI. 6.66% cap rate and 8.5x GRM at $949,000 ($158,167 per unit).
The top-floor unit is fully renovated: open kitchen with quartz… Read More island and stainless steel appliances. Updated boiler and two hot water heaters. Tax Class 2A, with assessment increases capped at 8% per year and 30% over 5 years. No Local Law 97, no Local Law 11 (FISP), no elevator.
Built for an all-cash or low-leverage buyer who wants stable in-place cash flow on a long-term hold.
Rent roll and expense statement available on request. Read Less
Listing Courtesy of: ELI ELIAHOU HALIVA, Compass
Listing Snapshot
Days Online
24
Last Updated
Property Type
MultiFamily
Beds
12
Full Baths
6
Square Ft.
5,400
Year Built
1931
MLS Number
RLS20115609
Additional Details
Building
Built in 1931, Living area: 5400.0, Living area units: SquareFeet, 4 stories, Levels: ThreeOrMore, Entry level: 1
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