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Keller Williams Realty Liberty
Keller Williams Realty Liberty
![[Cypress Hills Real Estate, listing number 7200553]](https://www.vlshomes.com/images/full/7200553a.jpg)
| Description: 7200553 | |
| 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: |
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| Families: | 25 | |
| Property Type: | House | |
| Acres: | 0.12 | |
| Built: | 1927 | |
Financials: |
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| Price: | $6,500,000 | |
| Taxes: | $89,156 | |
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