246 55th Street

Five Stories mixed-use elevator building located in prim Sunset Park, Brooklyn. The building consists 32 residential units, all are 2 bedrooms apartment. Six community offices and 18 parking spaces. The total building size is 45,000 sqf and zoning is R6B. This is truly a turn-key trophy investment. Great opportunity for 1031 exchange. The seller can assign $6,750,000 mortgage to the new owner with low interest rate as 3.25%. FINANCIAL SUMMARY: Gross total income $866,520 (rental income-$674,988, commercial income-$125,472, parking spaces income-$44,460, laundry-$21,600). Total Expenses $250,360 (taxes-$183,630, water/sewer-$38,000, fuel/gas-$600, insurance-$10,000, payroll-super-$8,400). Net income (NOI) $615,890.