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    2877 W 20 Street

    BROOKLYN, NY 11224
    • $1,299,000
    • STATUS: Active
    • ON SITE: 110 days
    • MLS #: 440352
    $1,299,000
    • 2
      BEDS
    • 0.05
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Area:

    School Ratings & Info

    Description

    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!

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    © 2020 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2020-10-30T00:00:17.717.
    www.remaxedgeny.com/homes/107780144
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    2877 W 20 Street BROOKLYN, NY 11224

    • Price: $1,299,000
    • Status: Active
    • MLS #: 440352
    2
    Beds
    8
    Baths
    0
    ½ Baths
    0.05
    Acres
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Coney Island
    Property Description
    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!
    Exterior Features

    Building Length 55.00 Building Width 20.00 Construction Materials Brick Exterior Brick Lot Size Length 118 Lot Size Width 20 Roof Flat Style Other Yard BackFront

    Interior Features

    Basement Amenities FinishedFullWalk-InOther Baths Total Level1 2.00 Baths Total Level2 3.00 Baths Total Level3 3.00 Beds Total Level1 0 Beds Total Level2 1 Beds Total Level3 1 Building Footprint Sq Ft 1100 Flooring Hardwood Foundation Details Poured Concrete Heat Delivery Steam/Radiator Rooms Total Level1 2 Rooms Total Level2 7 Rooms Total Level3 7 Total Rooms 18

    Property Features

    ACUnits 0 Block 7019 Building Amenities Storage Rooms Construction Type Detached Cross Street Name Neptune Ave Electric Circuit Breakers Financing 1031 ExchangeBank MortgageCash Fuel Expense 3970.00 Handicap Access Unknown Heating Fuel Gas Hot Water Hot Water Coil in Boiler Insurance Expense 3100.00 Lot Number 55 Lot Size Irregular YN 0 Miscellaneous Expense 1240.00 Number Of Families 8 Property Sub Type Multi-Family Property Type Residential Rent Income 116964 Residential Features RefrigeratorStoveOther Tax Amount 8700.00 Transaction Type Sale Utility Expense 670.00 Zoning R5

    Listing information © 2020 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Brp Associates Inc.


    © 2020 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2020-10-30T00:00:17.717.
     
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