1907 Coney Island Ave

Prime location in heart of Midwood on Coney Island Ave near Kings Hwy. 2015 Construction. 2 family and store. Fully occupied. All tenants pay own utilities and have 3% increases every year. 1st floor is 2000 sqft with full basement. Current tenant is medical office ($6025 per month ), 2nd floor has 3 bedrooms with 2 full baths and 500 sqft porch. ($2400 per month), 3rd floor has 3 bedrooms with 2 full baths and balcony. ($2350 per month). Both apartments have stainless steel appliances including dishwasher, stove, 2 door fridge, microwave. Washer and dryer hook up in the unit. Open modern kitchen with granite counters. Hardwood flooring. Split system units in each room (AC and Heat). Net operating income is $116264 per year. Cap rate is 5.3%. Could be sold as package deal 1899-1909 Coney Island Ave (4 stores and 8 apartments) with current NOI $456,000 per year for $8,499,000. Submit your offer.