Property Description for 546 Hinsdale Street
Welcome to 546 Hinsdale, located on a quiet, tree-lined block of the rapidly developing East New York section of Brooklyn. This property is perfect for an investor or someone who just wants an all-around great home! A true two family that has been completely renovated by an expert team of contractors makes this home completely turn-key. Each unit consists of three spacious bedrooms, a huge sunny & bright living area, and granite kitchens equipped with stainless steel appliances. Unit one is a duplex with three bathrooms and a finished basement with additional storage space and recreational space. Unit two has two bathrooms. The house has a huge yard which is perfect to relax in on the weekends or after a long day. All of the mechanicals in the house are brand new. The 2/3/4/5/L trains are easily accessible and will have you in Manhattan in no time. GROSS INCOME.$4,400 / month rent$52,800 / year rent EXPENSES.Property Taxes: $1,400Insurance: $2,100Water / Sewer: $1,800Miscellaneous: $500Total Expenses per year: $5,800 NET INCOME.$47,000 / year6.15% cap rate