Description
Excellent Investment Opportunity! All Brick Semi-Attached 5 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 - Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208,068, Operating Expenses: $58,800 and Net Operating Income (NOI): $149,268. Cap Rate: Over 7.0%
Investment Highlights:
Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood.
Prime Location: Proximity to transportation and retail increases desirability for renters.
Brick Construction: Durable, low maintenance.
Private Parking: A rare and valuable amenity in Brooklyn.
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Investment Highlights:
Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood.
Prime Location: Proximity to transportation and retail increases desirability for renters.
Brick Construction: Durable, low maintenance.
Private Parking: A rare and valuable amenity in Brooklyn.
Building Features 3 Floors6 Units
intercom
$1,900,000 / $348 per ft²
Listed on May 18, 2025
30 Days on Market
11 Beds / 6 Baths - / 5,451 ft²
Total Monthly expenses: -
Maintenance: - / R.E. Taxes $2,416
Exclusively listed with: Re/Max Real Estate Professiona Source: Brooklyn MLS
Long Tommy Ngo
longtommyngo@yahoo.com
(347) 707-6051
Listing Courtesy of Re/Max Real Estate Professiona
Unit listing history
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