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. ALL Free market 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 = $116,964 CURRENT NOI = $98854 CURRENT CAP RATE 7% 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 projected 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!

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

Financials:
   Price: $1,299,000

 

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

email: jphore8888@aol.com
provided by Brooklyn Bd of Realtors