354 E 21st Street, Brooklyn, New York, United States, 11226

900,000
for Sale
2,003

About the property:

This 6-family w/ 3 Market Rent and 3 Rent Stabilized apartments delivers strong, reliable cash flow with an 8.15% cap rate, offering a compelling return in today's market. This prime investment opportunity is located in the South Slope area of Park Slope! Monthly Rent Roll: $11,244 | Annual Rent Roll: $134,915 | Annual Expenses: $61,535 | NOI: $73,380 Lot: 20 x 100 ft | Building: 20 x 75 ft | 3 Stories + Basement | Zoning: C-2 | 6 Residential Units | Rent Stabilized. 1 apartment on the ground floor has become vacant and will remain so, incase a buyer wishes to be owner operated. Otherwise it can be immediately rented out upon closing. The property has deferred maintenance and is priced accordingly, representing a straightforward income play for an experienced investor or owner-operator comfortable with a building that requires attention. Income is consistent, making this a steady cash-flowing asset in one of Brooklyn's most sought-after and transit-accessible neighborhoods. All information deemed reliable but not guaranteed. Buyers to perform their own due diligence.
Property Type:
MULTI FAMILY
Status:
for Sale
House Style:
Other
Acres:
0.046
Square Feet:
27246
Heating Type:
0
Is Apartment:
Yes
Is Building:
Yes
Is Investment:
Yes
Is Market:
Yes
Is Other:
Yes
Annual Property Taxes:
15,353
Listing ID:
1006016

Rooms

Dimensions

Brokered by:
Realtegrity
Presented By: