266-268 67th Street - Price Reduction - Agorafy
266-268 67th Street - Price Reduction Bay Ridge, Brooklyn, NY 11220 17-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 67th Street btwn Ridge Boulevard & 3rd Avenue 5849_33 C1 Sixteen (16) Apartments and Superintendent Apartment 40’ x 100’ (approx.) 4,000’ (approx.) 40’ x 88’ (approx.) 14,080’ (approx.) 4 R4-1/BR .75 $324,900 (2015/16) $41,766 (2015/16)
Property Description: 17 Residential Apartments 13 One Bedroom Apartments & 4 Studio Apartments 14 Free Market Apartments 3 Rent Stabilized Apartments (1 Rent Stabilized tenant is Section 8) Live in Super; Superintendent apartment located in the basement Heating expense is a pass through All apartments are in good condition Building is well maintained Neighborhood Description and Transportation: R-train located at Bay Ridge Avenue & 4th Avenue Express N,R trains located at 59th Street & 4th Avenue Immediate access to all retail, restaurants, & shopping along Bay Ridge’s 3rd, 4th & 5th Avenues Walking distance to Shore Road & Owls Head Park Adjacent neighborhoods include: Sunset Park, Dyker Heights, Bensonhurst Actual/Projected Gross Annual Income:
$
287,896
Real Estate Taxes:
$
41,766
Insurance:
$
4,500
Water/Sewer:
$
14,388
Electric:
$
2,093
Heat:
PRICE REDUCTION: $3,900,000
Pass Through
Repairs & Maintence (3%):
$
8,637
Management Fees (3%):
$
8,637
Vacancy & Collection (2%):
$
5,758
Total Expenses:
$
85,779
NET Operating Income:
$
202,117
For Further Information, Please Contact the Exclusive Multi-Family Sales Team: Stephen Safina (718) 687-4201 [email protected]
Thomas Ryan (718) 208-1852 [email protected]
Alyona Chystyakova (718) 687-4207 [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 67th Street btwn Ridge Boulevard & 3rd Avenue 5849_33 C1 Sixteen (16) Apartments and Superintendent Apartment 40’ x 100’ (approx.) 4,000’ (approx.) 40’ x 88’ (approx.) 14,080’ (approx.) 4 R4-1/BR .75 $324,900 (2015/16) $41,766 (2015/16)
Property Description: 17 Residential Apartments 13 One Bedroom Apartments & 4 Studio Apartments 14 Free Market Apartments 3 Rent Stabilized Apartments (1 Rent Stabilized tenant is Section 8) Live in Super; Superintendent apartment located in the basement Heating expense is a pass through All apartments are in good condition Building is well maintained Neighborhood Description and Transportation: R-train located at Bay Ridge Avenue & 4th Avenue Express N,R trains located at 59th Street & 4th Avenue Immediate access to all retail, restaurants, & shopping along Bay Ridge’s 3rd, 4th & 5th Avenues Walking distance to Shore Road & Owls Head Park Adjacent neighborhoods include: Sunset Park, Dyker Heights, Bensonhurst Actual/Projected Gross Annual Income:
$
287,896
Real Estate Taxes:
$
41,766
Insurance:
$
4,500
Water/Sewer:
$
14,388
Electric:
$
2,093
Heat:
PRICE REDUCTION: $3,900,000
Pass Through
Repairs & Maintence (3%):
$
8,637
Management Fees (3%):
$
8,637
Vacancy & Collection (2%):
$
5,758
Total Expenses:
$
85,779
NET Operating Income:
$
202,117
For Further Information, Please Contact the Exclusive Multi-Family Sales Team: Stephen Safina (718) 687-4201 [email protected]
Thomas Ryan (718) 208-1852 [email protected]
Alyona Chystyakova (718) 687-4207 [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.
