2877 West 20th Street
Coney Island, Brooklyn, NY 11224
$1,350,000
Description
2877 West 20th Street,
Brooklyn,
NY
11224
Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! BRP Exclusive! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time
Listing By: Brooklyn Real Property via Data Source: RealPlus MLS
Price History
| date | price | variance | type |
|---|
| 5/30/2024 | $1,350,000 | - | Listed |
| 4/4/2022 | $980,000 | - | Sold |
listing agent: Jean Paul Ho
