Excellent opportunity for investment in Brooklyn, NYC. One store and one family brick building for sale in prime Bensonhurst/Bath Beach area. The tenant on the first floor has seven years lease remaining: there is a $60 yearly increase for 2019 and 2020, $100 for the following five years, the tenant pays 50% of the property tax and 67% of the water bill as well. The tenant on the second floor pays $1,700/month and they still have 1.5 years lease remaining. (Projected income for 3 bedroom is $2,100/month at least in the neighborhood.) All tenant have their own boiler. The seller pays $5,000 yearly expenses for the entire property. 3.2%+CAP rate which will be increased in 1.5 years. The store and basement will be showed for the first showing. NO POSSESSIONS ABSOLUTELY.
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