Coney Island Real Estate

2877 West 20 Street, Coney Island, NY 11224

[Coney Island Real Estate, listing number 6960499]

Description: 6960499
   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

   Families: 8
   Bedrooms: 2
   Bathrooms: 8
   Property Type: Multi-Family
   Rooms: 18

   Price: $1,199,000


Brooklyn Real Property, Inc
Jean Paul Ho
Office: (718)272-8988

provided by Brooklyn Bd of Realtors