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623

®

leonard

STREET

For sale | 2-Family Residential Walk-Up Building| Greenpoint, NY, 11222 Location: Block_Lot: Building Class: Lot Dimensions: Lot SF: 1st Floor: 2nd Floor: 3rd Floor: Gross Bldg SF: Stories: Zoning: FAR: Assessment: Taxes:

S.side Leonard btw Meserole & Norman 2620_28 B9 35’ x 50’ (Approx. ) 1,750’ (Approx. ) 35’ x 30’ (Bldg Dimensions Approx.) 35’ x 30’ (Bldg Dimensions Approx.) 25’ x 30’ (Bldg Dimensions Approx.) 2,850’ (Approx. ) 3 R6B/C2-4 2.0 $22,094 (2015/16) $4,233 (2015/16)

Property Description • 2-Family Residential Walk-Up Building • All Apartments are free market • 1st Floor 1-Bedroom Apartment w/ exclusive access to the backyard • 2nd & 3rd Floor 5-Bedroom Duplex • No long term leases • End-User/Investment Opportunity • All Apartments are in good condition • Building is well maintained Neighborhood Description and Transportation • G-train at Manhattan Avenue & Nassau Avenue • L-train at Bedford Avenue & North 7th Street • 2 Blocks from McCarren Park • Walking distance to the Williamsburg Waterfront • Immediate access to all desirable retail, restaurants & shopping

nt W Ave yt he Be Av rry e S Be t df or d Av e

623

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McCarren Park

leonard

STREET

Projected Gross Annual Income

$99,600

Real Estate Taxes (15/16)

$4,233

Insurance

$2,000

Water/ Sewer

$1,200

Electric

$500

Heat

$1,200

Repairs & Maintenance (3%)

$2,988

Management Fees (3%)

$2,988

Vacancy & Collection (2%)

$1,992

Total Expenses

$17,101

Projected NET

$82,499

ASKING PRICE: $1,895,000 For Further Information, Please Contact Exclusive 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, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.