BROOKLYN MULTIFAMILY PROPERTY FOR SALE

  Property Photo Listing ID: 43163698911
Last Updated: 4/11/2011
Property Type(s): Multi-Family: Mid/High-Rise
Property Use Type: Investment  
Tenancy Type: Multiple
Property Address: sign up and log in in order to request the street address and view the photos
Brooklyn, NY 11203, US
 

Contact

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Price

Asking Price: $ 8,000,000  

Down Payment:

$ 8,000,000  
 

Property Size

  Number of Units:  100
  Percent Occupied:  93 %

Property Details

 
 

Property Description:

4 Story Walk-up Apartment Building with over 100 Apartments with 365 rooms

To receive complete information with actual property address, on site property inspection, etc. Buyer must sign Non-Circumvention and Conditional Andrew Lichtenstein, Inc. 1% financing brokerage and 1% Buyer's Broker agreement.
 
 

Property Location:

Brooklyn, NY
 

Highlights:

$12,660,000 REDUCED TO ONLY $8,000,000 ALL CASH, FAST ACTION REQUIRED!!
Minimum Required Sales Price (Price is not negotiable any lower)
This will not remain on Market for Long
First to contract buys this great real estate investment
Less than ONLY $73,000/Apartment Unit
Only $785 average monthly apartment rents
 

Property Financials

  (This Income/Expense Information is Proforma)
 

Annual Income

Analytical Calculations
    Scheduled Gross Income, Annually:   $ 1,055,820 Gross Rent Multiplier: 7.58  
    incl 7 vacant apts at projected re-rental rates Capitalization Rate: 6 %  
       
      
    
 
a. Effective Gross Income, Annualy: $
 
 

Annual Expenses

Analytical Calculations
 
     Expenses per unit: $ 5,704
    Real Estate Taxes $ 97,000   
    Insurance $ 59,000 Price per unit: $ 80,000  
    Water $ 63,362
    Heating/Oil $ 150,000
    Electric $ 16,000
    Payroll/Management $ 120,000
    Supplies $ 20,000
    Building Repairs $ 40,000
    Legal $ 5,000
 
b. Total Annual Expenses: $ 570,362
 
 

Annual Net Financials

 
c.  Net Operating Income, Annually $ 484,458
d. Annual Debt Service: $
e. Other Annual Capital Costs: $
  Pre Tax Cash Flow, Annually $
 

Financing Information

   
This Loan is Proposed.
Description: Subject to 1% financing brokerage fee
Andrew Lichtenstein, Inc. may be able to provide buyer with low rate acquisition financing

Unit Mix Information

   
 
Description No. of Units Square feet Avg. mo. rent
 
Multifamily Property   100 $785
 
 
 
 
 

Property Attachments

   
 
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