Perfectâ??hereâ??s a clean, investor-focused description for that City line property: Turn-Key 25-Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of Brooklynâ??this well-maintained 25-unit brick building features 15 2 -bedroom and 10 1 Bedroom apartments, as well as 2 retail spaces ideal for steady rental demand. Tenants pay their utilities ( electric and cooking gas ) The building includes: A full basement with Additional storage rooms No elevator = lower maintenance Low operating expenses With a projected NOI of $816,000 creating a Net Cap Rate of 10.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklynâ??s steadily growing neighborhoods.
Details:
Families:
25
Property Type:
House
Acres:
0.12
Built:
1927
Financials:
Price:
$6,500,000
Taxes:
$89,156
EXIT Realty Central Arthur F. Martinez Abr Sfr Office: 718-848-5900
![[Cypress Hills Real Estate, listing number 7200553]](https://www.vlshomes.com/images/full/7200553a.jpg)