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8 unit meticulously maintained building with many upgrades. Kitchen and baths have been upgraded with all new 8 heating boilers and hot water system. Fully occupied with off street parking and has laundry room for additional income. Avon by the Sea is a prestigious shore town that will become even more desirable when the adjacent Belmar main street upgrades are fully realized.
245 Martense presents the rare opportunity to own a large and high income producing 8 family building on the border of Lefferts-Garden & Flatbush in Brooklyn, NY. This building is a very low maintenance investment with the potential to be optimized even further. The 25ft wide x 86ft building is on a 25ft x 100ft lot. Each floor has two floor-thru units with a layout potential for up to 3 bedrooms each. There is even a finished basement that can be used for storage or Super' s quarters. Six of eight units are currently free market with the remaining two stabilized units very close to free market status. Four of the units have been fully renovated. There is a brand new roof, boiler (Gas), dual water heaters, skylight, intercom/buzzer system and windows throughout. All tenants pay via auto debit on the first of the month. The building grosses approximately $175k and nets approximately $135k with an optimized cap rate well above 7%. This building is a great 1031 exchange candidate as well. Full Financial Setup can be requested.
Solid birick ,Mixed use building with 4 family over store plus basement.No leases.Recently renovated four 1 bedroom apartments, 2 water meters,video surveillance system,gas heat,large back yard.Short distance to 86th st D train,shopping,etc.Upgraded:heating,plumbing,electric,roof.Building:20x55.Lot:20x108.Zoning:R5.
IDEAL FOR OWNER/USER. PERFECT FOR LIGHT INDUSTRIAL, ASSEMBLY, STORAGE, WAREHOUSE, OFFICES, ZONED WAREHOUSE/RETAIL. NOW FULLY LEASED. LOCATED IN 3% URBAN ENTERPRISE ZONE. 2015 Cap Rate is 9.7 % !
A vacant two-story residential building consisting of three units. the property is currently subject to an enhanced school tax relief.
3 unit apartment building that is full rented. Gross rents approximately 36k.
178 Avenue S - Gravesend, New York GREAT OPPORTUNITY FOR INVESTORS OR USER!!Fully renovated and rented 4-unit mixed use building. Three large 2-bedroom apartments are rented. Building is gut renovated with new appliances, floors and central air and heat units. Ground floor storefront is 3000 sqf. Rented as well! The store has brand new tile floor and large size front window with security gate. . Great location with excellent visibility, close to coffee shops, restaurants and shops.Super investment with great potential! Gross income $94,800. Cap rate 7% approx. This listing courtesy of Douglas Elliman
2203 Avenue X - Sheepshead Bay, New York 2203 Avenue X Great Investment! This mixed-use property is in excellent condition located in a great location in Sheepshead Bay on Avenue X and E 22nd Street. Surrounded by thriving retail with restaurants and Deli's. The property has 2 rental units over retail store and commercial rented basement space. All apartments completely renovated with oak floors and brand new kitchen and baths. The building is a turn-key investment property with tenants in place. Perfect for 1031 exchange buyers!! 6.5% Cap Rate. This listing courtesy of Douglas Elliman
Principals only. No brokers please. 6-Family + 5 Commercial Space Building Dimensions: 25 x 90 Building Size: 9,373 sqft Lot Dimensions: 25 x 100 Lot Building Size: 2,533 sqft Zoning: C2-4/R7A Great long term investment. Ideal for 1031 exchange candidates. Contact me for financials and/or to set up viewings.
Principals only. No brokers please. 7 family + 1 Commercial + Antenna Site Building Dimensions: 25 x 90 Building Size: 8,556 sqft Lot Dimensions: 25 x 100 Lot Building Size: 2,517 sqft Zoning: C2-4/R7A Great long term investment. Ideal for 1031 exchange candidates. Contact me for financials and/or to set up viewings.