This 5 building package consists of 75 residential units and 2 stores. The breakdown is as follows: 10 three bedrooms, 2 two bedrooms, 57 one bedroom and 6 studios and 2 stores.
The combined gross rent roll is $1,020,720. The combined GRM is 8.90 and the CAP rate is 8%. The properties are professionally managed and are in excellent condition. Apartments are renovated on a regular basis.
The properties all have assumable financing at attractive rates.
The buildings are in close proximity to each other, major public transportation, Prospect Park, The Brooklyn Museum, The Botanic Gardens, Medgar Evers College and more.
Click here for listing details.
Neighborhoods: Crown Heights