9% CAP RATE! Three-family, all brand new construction (2009), high income generating property in North Crown Heights... OR live for free in owner's unit with garden while tenants pay your entire mortgage, expenses and a hefty return on your downpayment too!! Tree-lined street. 21x59ft building (3,717sf above grade) with three market rate apartments all metered separately (built as condominiums). There are two 3BR 2bath apartments with balconies and one 3BR 2bath with a full backyard (floorplan is out of date for first floor, which is now a 3BR). Finished basement with three storage rooms and with laundry hookups. 25 year tax abatement. Tenants are in place.Current annual Income: $81,000. Current annual expenses: $3,909 (no management fees or vacancy). Current NOI: $77,091. CAP rate at $850K = 9.1%.
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