1516 61st Street - For Sale
1516 61st Street - For Sale Borough Park, Brooklyn, NY 11219 4-Unit Multi-Family Walk-Up Building Investment Sales Location: Block_Lot: Building Class: Cert. of Occupancy: Lot Dimensions: Lot SF: Bldg Dimensions: Gross Bldg SF: Stories: Zoning: FAR: Assessment: Taxes:
S.side of 61st Street btwn 15th Avenue & 16th Avenue 5523_13 C3 N/A 20’ x 100’ (approx.) 2,000’ (approx.) 20’ x 82’ (approx.) 3,280’ (approx.) 2 M1-1 1.0 $41,025 (2015/16) $5,274 (2015/16)
Property Description: 4-Unit Residential Walk-Up Building All Apartments are free market One 3-BR Apartment; One 2-BR Apartment; Two 1-BR Apartments All apartments are in good condition Building is well maintained Individual heat and hot water units; Heating expense is a pass through All tenants are Month to Month; No leases in place Neighborhood Description and Transportation: 1-block from the N-train at New Utrecht Avenue & 63rd Street 1-block from the express D-train at 14th Avenue & 62nd Street Close proximity to Ocean Parkway Location provides access to all necessary retail, restaurants and shopping Surrounding neighborhoods include: Bensonhurst, Dyker Heights, Bay Ridge
Projected Gross Annual Income
$72,000
Real Estate Taxes (15/16)
$5,274
Insurance Water/ Sewer
$2,800 $3,120
Electric
$500
Heat
ASKING PRICE: $1,450,000
Pass Through
Repairs & Maintenance (3%) Management Fees (3%)
$2,160 $2,160
Vacancy & Collection (3%)
$1,440
Total Expenses NET Operating Income
$17,454 $54,546
For Further Information, Please Contact the Exclusive Multi-Family Sales Team: Stephen Safina (718) 687-4201 [email protected]
Thomas Ryan (718) 202-1852 [email protected]
Alyona Chystyakova (718) 687-4207 [email protected]
Lawrence Sarn (718) 935-1821 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, EXPENSES, RENT ROLLS, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
S.side of 61st Street btwn 15th Avenue & 16th Avenue 5523_13 C3 N/A 20’ x 100’ (approx.) 2,000’ (approx.) 20’ x 82’ (approx.) 3,280’ (approx.) 2 M1-1 1.0 $41,025 (2015/16) $5,274 (2015/16)
Property Description: 4-Unit Residential Walk-Up Building All Apartments are free market One 3-BR Apartment; One 2-BR Apartment; Two 1-BR Apartments All apartments are in good condition Building is well maintained Individual heat and hot water units; Heating expense is a pass through All tenants are Month to Month; No leases in place Neighborhood Description and Transportation: 1-block from the N-train at New Utrecht Avenue & 63rd Street 1-block from the express D-train at 14th Avenue & 62nd Street Close proximity to Ocean Parkway Location provides access to all necessary retail, restaurants and shopping Surrounding neighborhoods include: Bensonhurst, Dyker Heights, Bay Ridge
Projected Gross Annual Income
$72,000
Real Estate Taxes (15/16)
$5,274
Insurance Water/ Sewer
$2,800 $3,120
Electric
$500
Heat
ASKING PRICE: $1,450,000
Pass Through
Repairs & Maintenance (3%) Management Fees (3%)
$2,160 $2,160
Vacancy & Collection (3%)
$1,440
Total Expenses NET Operating Income
$17,454 $54,546
For Further Information, Please Contact the Exclusive Multi-Family Sales Team: Stephen Safina (718) 687-4201 [email protected]
Thomas Ryan (718) 202-1852 [email protected]
Alyona Chystyakova (718) 687-4207 [email protected]
Lawrence Sarn (718) 935-1821 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, EXPENSES, RENT ROLLS, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
