1647 Park Place BLD

Brooklyn

For Sale
  • SQFT 6,000 sqft
  • Bathrooms 5
  • Bedrooms 13
  • Maint/CC $0
  • RET $375
  • Price $1,470,000

***BACK ON MARKET!!

1647 Park Place is a 6 unit, 2-3 bedroom apartment building in Crown Heights being delivered partially vacant.

Two

bedrooms are renting for $1,800-$2,000 per month.
Three bedrooms are renting $2,000-$2,400 per month.
3 rent stabilized units renting $900, $600, $520. Leases expire Summer 2017 and legal rent is $1,228.58

Total monthly rental income - $10,485.70
Total Yearly rental income - $125,828.88
Total NOI - $111,128.88 (%7.6+ Cap)

Taxes - $4500
Water - $4200
Heat - $6000
Total Yearly: $14,700

New boiler and changed from oil to natural gas.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

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