6 family building with vacant 1200 sq ft store front on ground floor formerly a bar. Pro forma bar rent No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Pro forma annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Pro forma Cap Rate 8.58%. Rent increase in Rent Stabilized Homes: 1-year lease 2.75%. 2-year lease 5.25%
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