*****These are all Free Market units and will be delivered with a Certificate of No Harassment****
Incredible investment opportunity with a 5% cap rate in the heart of Boerum Hill!! This unique, gut renovated, 20' wide, boutique townhouse has impressive rental income with minimal owner expenses. This fully functional, income producing property is comprised of 10 free market rental units, one 1 Bd unit and 9 studio units, all different sizes ranging from 200 sq ft to 1000 sq ft. The cellar is fully finished with washer/dryer and communal space for the tenants to enjoy. .
This was built to easily convert to a six family. The building is run on electric so there's no gas bill. Each tenant pays $75.00 a month, in addition to the rent, for the electric bill.
Please feel free to contact us for full rent roll and set up.
Courtesy of: Douglas Elliman 575 Madison Ave
Office Phone: 212.891.7000
Listing Agent: Karina Hazan
Updated: 25th September, 2018 5:53 PM.
268 Dean St Brooklyn, NY