297 Pennsylvania Avenue East New York Brooklyn NY 11207

297 Pennsylvania Avenue

East New York  |  BK   |   Belmont Avenue & Sutter Avenue

Building for Sale
$ 950,000
Ownership Multi-Family
Lot Size 19'x100'
Floors/Apts 2/3
Status Active
Real Estate Taxes [Per Annum] $ 2,940
Building Type Townhouse
Building Size 19'x50'
Year Built 1910
ASF/ASM 1,900/177
Listing ID: 82508TH

Property Description

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
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

Troy Gordon

Ali Raza

Care to take a look at this property?

Troy Gordon

Ali Raza

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.