Property Description for 690 Monroe Street
Stuyvesant Heights | Six-Family Investment PropertyThis well-maintained six-family multifamily property is located in the heart of Stuyvesant Heights, Brooklyn. The building features six two-bedroom apartments, all currently occupied, with an established rent roll and potential for future upside.Property Highlights:• Six two-bedroom apartments• All units currently occupied• Approximately 5,661 square feet of building area• Each apartment is approximately 750 square feet• Spacious layouts with two bedrooms, living room, full bathroom, and eat-in kitchen• R6B zoning• Rooftop access• Fire escapes• Basement storage• Six electric meters and six gas meters• Lot size: 27.5 feet x 100 feet• Lot area: approximately 2,749 square feetCurrent Rent Roll:• 1F: $2,300/month• 1R: $2,550/month• 2F: $2,640/month• 2R: $653/month• 3F: $1,800/month• 3R: $2,400/monthAnnual gross rental income: $148,116Annual operating expenses: approximately $37,172The property is conveniently located near parks, schools, public transportation, shopping, restaurants, and neighborhood amenities.An excellent opportunity to acquire an income-producing multifamily property in one of Brooklyn’s most sought-after neighborhoods.