Fort Greene 8 unit rent stabilized brick building with new roof in great condition in the heart of Fort Greene, and near Fort Greene park. All 8 units are one bedroom. Six units are rented and the two garden apartments are currently vacant in case the new buyer wants to combined these 2 units to live in them. Vacant unit 1 can be rented at $3,029 per month, and vacant unit 2 can be rented at $2,016 per month based on a one year lease, and higher for a two year lease. Possibility to make basement and garden apartments into a duplex, like other similar properties in the neighborhood. Great for a Condo conversion, an owner user or as an investment property. Current gross annual revenue at $178,364 with estimated expenses at $23,807 for a NOI of $154, 557, but annual rent can legally increase to $202, 239, estimated expenses $23,807 gives a NOI of $178,432. The building is next to local super markets and Pathmark, close great local restaurants such as Bati-Ethiopian, Caf Lafayette-French Caf, Pink Tea Cup-Soul food, La Caye-Haitian, Mullanese Bar &Grill, Exclusive Agent. Buyers only. In the heart of Fort Greene. The building is two blocks from Brooklyn Academic of Music(BAM) where one can enjoy a play and international entertainment events. Other local eateries include Die Stammkneipe-Beer Garden, and Habana Outpost-Mexican -Cuban, Chez Oskar, Madiba-South African restaurants, etc. A five minute walk to downtown Brooklyn. A 10 minute train ride to downtown Manhattan or 20 minute train ride to Midtown Manhattan. Two blocks from Brooklyn Tech high school, 5 minute walk to Long Island University(LIU), and Brooklyn Hospital, a 10 minute to Metro Tech Plaza, St. Joseph College, NYU Polytechnic School of Engineering, and St. Francis College. Half a block from the Lafayette train stop on the A/C train, and one block away from the Fulton stop on the G train. Also, 4 blocks from Barclay Center where one can enjoy the athletic and entertainment events. Also, Atlantic Terminal Mall is next door which has a Pathmark, Buffalo Wild Wings, Victoria's Secret, Target, etc. as well as serving as a major transportation hub where one can get the Long Island Rail Road, 2, 3, 4, 5, B, D, N, Q, and R trains.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
