3 FAMILY
FREE MARKET
5.7% Cap
Income
Basement 2Bedrooms $1400
1st FL 2bedrooms $1720
2nd FL 4bedrooms $2550
TOTAL $5670
ANNUAL $68040
Expenses /ANNUAL
Taxes $1800
Insurance $1800
Water $3500
Electric $1500
Gas $4500
TOTAL $13100
NOI
$54,940
CAP
5.7%
Rents are below market
Lower Level is MONTH TO MONTH (could be $1700 owner never raised)
1st FL lease expires Jan 30 2022 (rent could be about $2100)
2nd FL MONTH TO MONTH (rent could be $2600)
Plumbing was redone
Water heater and Boiler in good condition
Roof done 7-8 yrs ago
BRICK
Address:297PENNSYLVANIA AVENUE,BROOKLYN11207
Lot Area:1900 sf
Lot Frontage:19'Lot Depth:100
Year Built:1910
Number of Buildings:1
Number of Floors:2
Gross Floor Area:1,900 sf (estimated)
Zoning:R6
Lot
Lot sqft 1,900
Lot dimensions 19 ft x 100 ft
Ground elevation 36 ft
FREE MARKET
5.7% Cap
Income
Basement 2Bedrooms $1400
1st FL 2bedrooms $1720
2nd FL 4bedrooms $2550
TOTAL $5670
ANNUAL $68040
Expenses /ANNUAL
Taxes $1800
Insurance $1800
Water $3500
Electric $1500
Gas $4500
TOTAL $13100
NOI
$54,940
CAP
5.7%
Rents are below market
Lower Level is MONTH TO MONTH (could be $1700 owner never raised)
1st FL lease expires Jan 30 2022 (rent could be about $2100)
2nd FL MONTH TO MONTH (rent could be $2600)
Plumbing was redone
Water heater and Boiler in good condition
Roof done 7-8 yrs ago
BRICK
Address:297PENNSYLVANIA AVENUE,BROOKLYN11207
Lot Area:1900 sf
Lot Frontage:19'Lot Depth:100
Year Built:1910
Number of Buildings:1
Number of Floors:2
Gross Floor Area:1,900 sf (estimated)
Zoning:R6
Lot
Lot sqft 1,900
Lot dimensions 19 ft x 100 ft
Ground elevation 36 ft
3 FAMILY
FREE MARKET
5.7% Cap
Income
Basement 2Bedrooms $1400
1st FL 2bedrooms $1720
2nd FL 4bedrooms $2550
TOTAL $5670
ANNUAL $68040
Expenses /ANNUAL
Taxes $1800
Insurance $1800
Water $3500
Electric $1500
Gas $4500
TOTAL $13100
NOI
$54,940
CAP
5.7%
Rents are below market
Lower Level is MONTH TO MONTH (could be $1700 owner never raised)
1st FL lease expires Jan 30 2022 (rent could be about $2100)
2nd FL MONTH TO MONTH (rent could be $2600)
Plumbing was redone
Water heater and Boiler in good condition
Roof done 7-8 yrs ago
BRICK
Address:297PENNSYLVANIA AVENUE,BROOKLYN11207
Lot Area:1900 sf
Lot Frontage:19'Lot Depth:100
Year Built:1910
Number of Buildings:1
Number of Floors:2
Gross Floor Area:1,900 sf (estimated)
Zoning:R6
Lot
Lot sqft 1,900
Lot dimensions 19 ft x 100 ft
Ground elevation 36 ft
FREE MARKET
5.7% Cap
Income
Basement 2Bedrooms $1400
1st FL 2bedrooms $1720
2nd FL 4bedrooms $2550
TOTAL $5670
ANNUAL $68040
Expenses /ANNUAL
Taxes $1800
Insurance $1800
Water $3500
Electric $1500
Gas $4500
TOTAL $13100
NOI
$54,940
CAP
5.7%
Rents are below market
Lower Level is MONTH TO MONTH (could be $1700 owner never raised)
1st FL lease expires Jan 30 2022 (rent could be about $2100)
2nd FL MONTH TO MONTH (rent could be $2600)
Plumbing was redone
Water heater and Boiler in good condition
Roof done 7-8 yrs ago
BRICK
Address:297PENNSYLVANIA AVENUE,BROOKLYN11207
Lot Area:1900 sf
Lot Frontage:19'Lot Depth:100
Year Built:1910
Number of Buildings:1
Number of Floors:2
Gross Floor Area:1,900 sf (estimated)
Zoning:R6
Lot
Lot sqft 1,900
Lot dimensions 19 ft x 100 ft
Ground elevation 36 ft