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Flatbush Prime Corner 3 story Building 3 stores and 8 apartments. Apartments are free market rent. Each apartment has their own heating, hot water tanks, air conditioning and are paid by tenants. Store #1 - Corner Bakery - $7,576. Lease Exp: 2/2030 Store #2 - Smoke Shop - $5,409 Lease Exp: 3/2030 Store #3 - Church - $2,784 All Stores have a 3% Increase per annum Apartments: 2/1 Bedroom - 4/2 Bedrooms - 2/3 Bedrooms Apt 1 - 1 Bedroom, 1 Bath $2,484 Sec 8 Apt 2 - 1 Bedroom, 1 Bath $2,057 Sec 8 Apt 3 - 2 Bedrooms, 1 Bath $2,762 Sec 8 Apt 4 - 2 Bedrooms, 1 Bath $2,762 Apt 5 - 2 Bedrooms, 1 Bath $2762 Sec 8 Apt 6 - 2 Bedrooms, 1 Bath $2,762 Sec 8 Apt 7 - 3 Bedrooms, 2 Baths $3,084 Apt 8 - 3 Bedrooms, 2 Baths $3,220 Apartments have their own heating, hot water tanks, air conditioning and are paid by tenants. Taxes: $77,075. Insurance: $9,000 Electric: $1,500 Water: $6,800 Repairs: $8,000 Payroll: $8,000 Heat,, A/C, Gas Pd by Tenants Gross Income $451,944 Net Income $355,063 Cap Rate 6.8 |
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