2159 East 2nd Street

Attached (3 story) brick 6 family building in prime Gravesend. This building is in excellent condition. Great for a user or investor. Unit 1R is currently vacant and have been completely remodeled within the last 2 months. Unit 3R has been remodeled in 2016. New boiler installed in 2008. New hot water heater installed summer 2019. The roof is approx. 15-20yrs old and had small repairs and complete silver paint job in Sept 2021. Hallway area refinished in 2019. Intercom system and electric sub panels in each apartment. Full unfinished basement with front and rear entrances. Private backyard. Rent Stabilized Building. Apt. 1F: Studio apartment (includes kitchen and full bath). Approx. 300 sq ft. Current Lease: 2/1/22-1/31/24. $1,025/mo. Apt. 1R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. (Vacant unit). Legal rent $1,526.50/mo. Apt. 2F: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 10/1/22-9/30/23. $1,400/mo. Apt. 2R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. leased. Legal rent $1,370.57/mo. Apt. 3F: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 8/1/22-7/31/24. $1,147.72/mo. Apt. 3R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 1/1/22-12/31/22. $1,450/mo. Gross Operating Income (current): $95,038.08/yr. Gross Operating Income (projected legal): $105,405.96/yr. Expenses: Property Taxes: approx. $14,495.08/yr. Water/sewer: approx. $2,400/yr. Heating: approx. $4,500/yr. Insurance: approx. $3,200/yr. Cross Streets: Avenue U and Neck Rd. Building size: 20'x72' (approx. 4,320 sq ft). Lot size: 20'100' (approx. 2,000 sq ft). Approx Year Built: 1928. Transportation: B3, F train (Avenue U station). Zoned school: PS 95 The Gravesend school. (PK-8).