1157 Lenox Road

Brownsville/Rockaway Parkway & E98 St/nr Brookdale Hospital. Owner must part with this huge 4 family semi-detached brick built 20.5' x 83' with finished basement, on 25' x 100' lot. TWO (2) bedroom VACANCIES NOW for new owner! Great existing tenants. All apartments are maintained, spacious and have own electrical breaker box. ConEdison put in smart electric meters; National grid also read remotely. Roof, gas boiler and HWH in working order. $84K/year projected rental income. Current yearly expenses - Water/Sewer $2,400; Est Fuel $$6,000; Est Insurance $1,600; Est Elec $2,400; Real Estate Taxes Yr $8,139; Miscellaneous Expense $1,200; Estimated total of $22K/year existing operating expenses. 5.6% Pro forma NOI. R6 zoning with C1-3 commercial overlay. Can show: Two vacant apartments, basement & roof. Don't miss this, dont miss out. Present your best offer with proof of funds/mortgage preapproval. Downpaymentresource.com matched 13 programs to this address. The New York State Association of Realtors Housing Opportunities Foundation, Inc. is an organization that was established to create and increase affordable housing opportunities for individuals to overcome the barriers of homeownership. Qualifying individuals apply for grants to assist with closing costs and/or down payments. The grants are gifts with no payback requirement and are available to low to-moderate income in New York State.