This property is a residential 23 unit building on the corner of Ocean Ave & Glenwood Rd in prime Flatbush/Midwood area of Brooklyn! 20 units are occupied by tenants & 3 units are vacant. All apartments are rent-stabilized. 2 3-bedroom apts 14 2-bedroom apts 7 1-bedroom apts Total Residential Units: 23 Building Class: C1 Building Size: 60' X 100' # Floors: 4 Lot Size: 60' X 110' (corner lot) Zoning: R7A SQFT: 24,000 Building size: 60'x100' Year Built: 1920 Annual Income (Rent Roll): $400K Annual Expenses: Taxes: $24K Water: $25K Fuel: $20K Electric: $2K Insurance: $15K Maintenance: $15K TOTAL ANNUAL EXPENSES: $101K
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