! 31,500 Sqft. 36 Unit Corner Mixed-Use Building In Williamsburg , M1-2/R6A/MX-8 Zoning, 21 Free Market Apartments, Restaurant, 3 Commercial Units, High 10’ Ceilings, Signalized Intersection, 6 Parking Spaces, 11 Stabilized Apartments, All New LED Lighting, 3 Phase Power, +++!!!
Expenses:
Oil: $18,000 Ann.
Electric: $1,200 Ann. (Common Area Only)
Property Super: $12,000 Ann.
Insurance: $12,289 Ann.
Water & Sewer: $38,000 Ann.
Taxes: $240,350 Ann.
Total Expenses: $321,839 Ann.
Current Gross Income: $1,400,000 Ann.
Net Operating Income (NOI): $1,078,161 Ann.
1 Rent Controlled, 11 Stabilized, 21 Free Market, 3 Commercial Units
Property Features
Utilities
Electricity Connected
See Remarks
Sewer Connected
Cooling Information
None
Heating Information
Oil
Water Features
Public
Basement
Full
Listing Courtesy: All Island Estates Realty Corp - 516-783-5600