Property Photo
Property Photo

487 East 93rd Street

Commercial · Brownsville · $1,500,000

INCREDIBLE INVESTMENT OPPORTUNITY!!!!
MULTIFAMILY FOR SALE IN PRIME BROWNSVILLE!!!!

DESCRIPTION
BROWNSVILLE ~ 5 UNIT MULTI-FAMILY ~FREE MARKET~FULLY OCCUPIED ~ BRICK WALL FACADE~DRIVEWAY~GARAGE~RENOVATED ~7% CAP RATE ~NOI ~GREAT INVESTMENT OPPORTUNITY

• Every apartment in building has been fully renovated
• Brand new boiler and plumbing throughout building
• 7% capitalization rate at asking price

Income:
Residential $ 126,012
Effective Gross Income:
$ 126,012
Expenses:
Real Estate Taxes
$ 9,457
Water & Sewer~$ 3,600
Insurance~$ 2,600
Fuel~$ 4,200
Electric~$ 750
Total Expenses:~$ 20,607
NOI: $ 105,405

RENT ROLL: PER MONTH
UNIT 1F~$2040~ 2 BEDS/1 BATH
UNIT 1R~ $1850~ 2 BEDS
UNIT 2F~$2805~ 3 BEDS
UNIT 2R~$1850~2 BEDS
BASEMENT~ $1956~ 3 BEDS

$10,501 monthly $126,012.00 annually

WebID: 251737 - Listing Courtesy of Steven Benshabat

Property Details

Granite Kitchen