Coney Island Real Estate

West 20 , Coney Island, NY 11224

[Coney Island Real Estate, listing number 6959858]
Description: 6959858
   Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. CURRENT GOI = $114,593.04 CURRENT NOI = $96483.04 Gross Expense $ 18,110 CURRENT CAP RATE 8% huge backyard! New roof, Sprinkler system, Stairways & many other updates! On 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: .Fully occupy with ACTUAL 8% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few blocks away -Near train , shopping off Neptune Avenue! Steps to beach! Huge price reduction from initial $1.490 Million Very well maintained building with no violation! DHCR available - all tenant are CURRENT pays on time. ID#420-013

   Families: 8
   Bedrooms: 2
   Bathrooms: 8
   Property Type: Other
   Rooms: 18

   Price: $1,199,000
   Taxes: $8,700

Jean-Paul Ho

Brooklyn Real Property, Inc.
Jean-Paul Ho
Direct: 1-718-875-8899
Office: 718-875-8899

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