196 Lawrence Ave

Attention Investors! This is a 6 Family made up of all 4 Room, 2 Bedroom and 1 Bathroom Apartments. This is a Rent Stabilized Building. There are no Rent Controlled units. The Gross Operating Income Annually is currently $128,544. Annual Expenses are $30,982. The Net Operating Income Annually is currently $97,562. Cap Rate at asking price is 7% return on investment. This is an "As Is" Sale. This property will Not be delivered Vacant. The property is currently not mortgageable. The Seller is Not Open to Personal Financing or Holding Notes. Seller is open to 1031 Exchange and All Cash Offers.