194 Bay 22nd Street - For Sale - Agorafy
194 Bay 22nd Street - For Sale Bath Beach, Brooklyn, NY 11214 16-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: Less SCRIE Tax Credit: Taxes After SCRIE:
W.side Bay 22nd Street btwn Bath Ave & Cropsey Ave 6439_46 C1 Sixteen (16) Apartments 52.25’ x 96.67’ (approx.) 5,051’ (approx.) 41’ x 85’ (approx.) 13,940’ (approx.) 4 R5 1.25 $227,610 (2015/16) $29,327 (2015/16) $6,606 (2015/16) $22,721 (2015/16)
Property Description: 16 Residential Apartments 4 Three Bedroom’s; 11 Two Bedroom’s; 1 One Bedroom Apartment 11 Free Market Apartments 5 Rent Stabilized Apartments 1 Rent Stabilized tenant is Section 8 and 1 Rent Stabilized tenant is SCRIE Live in Super - Apt. 1B All apartments are in good condition Building is well maintained Neighborhood Description and Transportation: D-train located at 20th Avenue & 86th Street and Bay Pkwy & 86th Street Walking distance to national retailers, restaurants, & shopping along 86th Street Close proximity to Caesar’s Bay Shopping Center and Bensonhurst Park 3 blocks from the Waterfront at Gravesend Bay Surrounding neighborhoods include: Bensonhurst, Borough Park, Dyker Heights Actual/Projected Gross Annual Income:
ASKING PRICE: $4,100,000
$ 294,223
Real Estate Taxes:
$
22,721
Insurance:
$
6,400
Water/Sewer:
$
15,613
Electric:
$
3,444
Heat:
$
15,159
Repairs & Maintence (3%):
$
8,827
Management Fees (3%):
$
8,827
Vacancy & Collection (2%):
$
5,884
Total Expenses:
$
86,875
NET Operating Income:
$ 207,348
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.
W.side Bay 22nd Street btwn Bath Ave & Cropsey Ave 6439_46 C1 Sixteen (16) Apartments 52.25’ x 96.67’ (approx.) 5,051’ (approx.) 41’ x 85’ (approx.) 13,940’ (approx.) 4 R5 1.25 $227,610 (2015/16) $29,327 (2015/16) $6,606 (2015/16) $22,721 (2015/16)
Property Description: 16 Residential Apartments 4 Three Bedroom’s; 11 Two Bedroom’s; 1 One Bedroom Apartment 11 Free Market Apartments 5 Rent Stabilized Apartments 1 Rent Stabilized tenant is Section 8 and 1 Rent Stabilized tenant is SCRIE Live in Super - Apt. 1B All apartments are in good condition Building is well maintained Neighborhood Description and Transportation: D-train located at 20th Avenue & 86th Street and Bay Pkwy & 86th Street Walking distance to national retailers, restaurants, & shopping along 86th Street Close proximity to Caesar’s Bay Shopping Center and Bensonhurst Park 3 blocks from the Waterfront at Gravesend Bay Surrounding neighborhoods include: Bensonhurst, Borough Park, Dyker Heights Actual/Projected Gross Annual Income:
ASKING PRICE: $4,100,000
$ 294,223
Real Estate Taxes:
$
22,721
Insurance:
$
6,400
Water/Sewer:
$
15,613
Electric:
$
3,444
Heat:
$
15,159
Repairs & Maintence (3%):
$
8,827
Management Fees (3%):
$
8,827
Vacancy & Collection (2%):
$
5,884
Total Expenses:
$
86,875
NET Operating Income:
$ 207,348
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.
