177 &179-181 Milford St Brooklyn, NY 11208 · 15 Units ·Multifamily For Sale EXCELLENT TWO PROPERTIES IN THE THE HEART OF BROOKLYN NY CURRENT RENT ROLL NO LESS THAN $285,000 ANNUALLY The subject properties includes the sale of 2 buildings next to each other located on 177 &179-181 Milford St. The building on 177 Milford Street includes 4 fully Renovated 2 bedroom apartments and 179-181 Milford Street includes 11 Free Market 2 bedroom Apartments THE 4 FAMILY WAS RECENTLY FULLY RENOVATED FROM A-Z. 177 Milford St Brooklyn NY: 20x84 2 story building on a 20x100 lot zoned R5B. Built in 1925. Currently 3360 square feet classified as "four families". 4 total units. Fully renovated 179 - 181 Milford St Brooklyn NY 35x85 3 story building on a 40x100 lot zoned R5B. Built in 1930. Currently 8925 square feet classified as "over six families without stores". 11 total units. Good condition Year built 1930 This is how each brand new unit is in the 4 family on 177 milford street this building paying $6,637 monthly fully brand new A-Z renovated. This is how each unit is at 179-181 milford street, huge 2 bedrooms each, in good condition, paying total of $17,189 a month It's free market according to DHCR Market value to rent a 2 bedroom apartment in this area is about $2,300.These buildings have great upside potential once the rents are raised to the actual market value. Property is conveniently located between Pitkin Ave and Glenmore Ave. Off Liberty Ave and Conduit Blvd.Close to School PS-89K Closest station Shepherd Ave & Pitkin Ave at NE Corner Station lines A-C Distance (miles) 0.21 Projected Gross income: $414,000 Current Rent Roll for 177 &179 Milford St. Brooklyn, NY: 177 Milford St total monthly rent $6,637 179 Milford St total monthly rent $17,189 Total monthly income together $23,826. Total yearly Gross income $285,912 177 Milford St Tax $8,610179 Milford St Tax $26,425Water $12,000Insurance $7,000Heat $12,000 Total Current Net income : $219,877
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