Great investment in the heart of Midwood. HIGH cap 6 family free market building.Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 per monthwithout doing anything.
Listing By
Agency Name: Landmark International R E LLC
Agency Contact: 718-898-8300
Shown By
Agent Name: Elizabeth
Agent Phone: Cell: (516) 375-7081
Agency Title: Howard Hanna | Coach Realtors
Estimated Payment
$ 11,178.36 per month $8,159.69 Principal & Interest $2,464.50 Property Tax $554.17 Homeowner's Insurance
1586 E 22nd Street | MLS# 954025
This single family home located at 1586 E 22nd Street, Brooklyn, NY 11210 is currently listed for sale with an asking price of $1,900,000. This property was built in 1926 and has 11 bedrooms and 6 full baths with 5451 sq. ft. E 22nd Street is located within the Contact Agent school district. Search Brooklyn real estate on www.lizbreslinrealtor.com today.