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2877 West 20th St., Brooklyn, NY 11224

$1,199,000
Active Listing
Listing Details:
$1,199,000 Price
Multi-Family Townhouse Property Type
Coney Island Neighborhood
2 Beds
8 Baths
2,352 Approx. Sq. Ft.
Key Features:
Prewar
Unit Laundry
Description:

Coney Island Brick legal 8 fam Fully renovated 8 Units / 2 one bedrooms / 6 studios. ALL Free market units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. Yearly income $ 116,964 NOI $98,854 There is plenty of upsides in rental increases. Huge backyard! New roof, Sprinkler system, Stairways & many other updates! On 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few blocks away -Near train , shopping off Neptune Avenue! Steps to beach! Owner VERY Motivated!

Listing courtesy of Brooklyn Real Property, Inc.

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