487 East 93rd Street

5 FAMILY FOR SALE IN EAST FLATBUSH!!
INCREDIBLE INVESTMENT OPPORTUNITY!!

PROPERTY DETAILS: TAXES $9457

Multi-Family Property
Two-story walk-up
5 Units
Lot Size: 30 x 100ft
Brand new boiler and plumbing throughout building

CURRENT RENT ROLL:

Apt 1F: $2,040
Apt 1R: $2,417
Apt 2F: $3,385
Apt 2R: $2,387
Basement: $2,696
Total Income: $12,985
Yearly Gross Income: $155,820

RENEWAL POTENTIAL:

Apt. 1F can be renewed at $2,960, adding $660 per month or $7,929 per year.
Total Gross Income with renewal: $165,000

EXPENSES:

Approximately $25,000

CAP RATE:

$165,000 (total income) - $25,000 (expenses) = $140,000 Potential Net Income
Approximately 10% CAP RATE

PHENOMENAL DEAL FOR INVESTMENT!

Approximate Expenses:
Real Estate Taxes: $9,457
Water & Sewer: $4,000
Insurance: $2,800
Fuel: $4,800
Electric: $1,000
Total Expenses: $22K