898 Belmont Avenue

East New York, Brooklyn, NY 11208

A 20' wide 3 unit three story building. The property has a three- bedroom floor-through apartment on the ground floor, which has access to the back yard. The second floor is also a three-bedroom floor-through unit. The third floor is a four-bedroom floor-through apartment. All the units have nice wood floors, the kitchens have new stainless steel appliances cheery wood counter tops. To the middle of each unit is an eating/living area. The bedrooms are good sizes they face the front of the building and get good sunlight. The property is three blocks from the A train station.

The building is individually metered, each floor pays for its own light and cooking gas, and each unit has its own gas boiler and hot water heater. The property is a prime investment opportunity because it allows an investor to rent out the units at free market value and have the tenants pay most of the cost of running the building. There is not much work for the investor to do and since the property was renovated a few years ago. The area is improving, the market value and the rents of the property will increase in the near future. The upside potential is tremendous. Note: The first floor two rooms are occupied, the second floor one room is occupied and the third floor, the four bedroom apartment is vacant. For the tenants there is no contract with the city. Only the leases with the tenants under the city program. They pay $800 per month and the rent is paid by the city. They share the kitchen and bathroom in the floor-through apartments.

The building also makes a great user opportunity, a user and family can occupy the ground floor and rent out the upper two floors for income. The property is being sold in as is condition with the tenants in place or can be delivered vacant