Embed Size (px)
Citation preview
149 W 24th Street, New York NY 10011 | 232 Court Street, Brooklyn NY 11201 | 78 7th Avenue, Brooklyn NY 11217 | 462 Third Avenue, Brooklyn NY 11215 | 362 Bedford Avenue Brooklyn, NY 11211
H T T P S : / / I P G . N Y C | 7 1 8 . 8 4 0 . 2 7 5 7 | 6 4 6 . 8 7 5 . 3 0 9 4 | F A X 7 1 8 . 2 2 8 0 . 9 3 5 9
829 GREENE AVENUEBrooklyn, NY 11221, USA
BED-STUY TOWNHOUSE FOR SALE
Property Description:
Ideal Properties Group has been retained on an exclusive basis to arrange for the sale of 829 Greene Avenue in the Brooklynneighborhood of Bedford - Stuyvesant.
Welcome to this income generating 4 family, 4 story Brownstone townhome. Gut renovated and mostly finished just awaiting your personal finishing touches like bathroom & kitchen fixtures. Entirely new plumbing, electric, sprinklers, heating, floors, windows etc. with SEPARATELY metered utilities for each unit, ensuring maximum income generation. Located in the heart of Bedford Stuyvesant on a gorgeous tree lined block with friendly neighbors, transportation nearby, as well as restaurants, cafes, bars, and organic supermarkets, just a block or two away. This won't last long submit your offers now!
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently veri�ed. Vacancy factors used herein are an arbitrary percentage used only as an example, and do not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.
Ideal Properties Group is a licensed real estate broker and abides by Equal Housing Opportunity laws.
Price:
No of units:
Lot Size:
No of stories:
Size:
Price per unit:
$
4
18’x42’x100’
4
3024 SF
$
APPROX. EXPENSES
INFO
Annual
$ 1,500
$ 2,659Taxes:
Water:
Insurance:
Electric (cmmn areas)
Maintenance/Repairs:
$ 2,000
$ 800
$ 1,200
REVENUE Annual
$
5%
6.6%
$ 1,850,000
$ 25,000
$ 100,000
6.2%
122,641NOI:
Vacancy Rate:
Cap Rate:
Purchase Price
Closing Costs
Renovation Finishing Costs
Cash on Cash return
1,850,000
462,500
149 W 24th Street, New York NY 10011 | 232 Court Street, Brooklyn NY 11201 | 78 7th Avenue, Brooklyn NY 11217 | 462 Third Avenue, Brooklyn NY 11215 | 362 Bedford Avenue Brooklyn, NY 11211
H T T P S : / / I P G . N Y C | 7 1 8 . 8 4 0 . 2 7 5 7 | 6 4 6 . 8 7 5 . 3 0 9 4 | F A X 7 1 8 . 2 2 8 0 . 9 3 5 9
BED-STUY TOWNHOUSE FOR SALE
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently veri�ed. Vacancy factors used herein are an arbitrary percentage used only as an example, and do not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.
Ideal Properties Group is a licensed real estate broker and abides by Equal Housing Opportunity laws.
PROJECTED RENT ROLLAPT #
#1
# OF BED ROOM # OF BATHROOM PRICE RENT
#2
#3
#4
2 bedrooms
2 bedrooms
2 bedrooms
2 bedrooms
1 bath duplex
1 bathroom
1 bathroom
1 bathroom
Gross Effective Rent
3,500$
2,500$
2,500$
2,400$
130,800$
NOVATO’S GROCERY
ROBINSON PATRICIA F MUSIC STD
FAMILY DOLLAR
KING FOOD
MARTHITA’S BAR & GRILL
CANTICLES SOBER LOUNGE
THE GATES DELI CORP
WINE AND LIQUORS
MARYS COFFEE SHOP
222 LG DELI GROCERY
829 GREENE AVENUEBROOKLYN, NY 11221
Licensed Real Estate Salesperson Phone: 347.243.8776Office: [email protected]
SULLY KLEIN
FOR MORE INFORMATION, CONTACT EXCLUSIVE BROKER
