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Apartment Building for sale in Midwood, Brooklyn, NY | Apartment Buildings for sale in Midwood, Brooklyn, NY | New York, Brooklyn NY, NY, NYC, New York City...New York multi family property for sale
Apartment Building for sale in  Midwood, BROOKLYN, NY           

SOLD
ID#AB11136
Brooklyn, NY
- 6-story elevator apartment building with 8 residential penthouses and 5 commercial units
Built 100 X 40 
Layout: 8 - (2 bedroom apartments), 5 commercial units 

Dimensions 
Built:                     2002
Building Size           100.00ft X 40.00ft 
Lot Size                 100.00ft X 40.00ft 
Corner Lot              No 
Floors                    6 
Building Class Over 6 families, with offices
Rent Roll:  5 commercial units(5% increase a year) + 8 - (2 bedroom apartments)
1st floor (com) 1st unit $5,000 (5 years + 5)
2nd unit $4,000 (6 years + 5)
2nd floor (com) 2 units $8,000 (5 years + 5)
Cellar ($12 sq. ft) 4000 sq. ft $4,000 Vacant
3rd floor 1st unit $1650 2nd unit $1,500
4 floor 1st unit $1650 2nd unit $1,600
5 floor 1st unit $1665 2nd unit $1,500
6 floor 1st unit $1400 2nd unit $1,400
INCOME: 
RESIDENTIAL                $148,380
COMMERCIAL $252,000
EXPENSES:
RE TAXES (2003-2004)   $ 2,000.00 (8 years tax abatement)
WATER & SEWER           $ 1,000.00
FUEL/GAS                          Separate HVAC for each unite / tenant
ELECTRIC                    $2,000.00
INSURANCE                  $5,000.00
TOTAL EXPENSES $10,000.00
NET INCOME  $390,380
Remarks: Cellar (sprinkler system, HVAC, elevator) is ideal for medical office and can be rented for 12$ per sq. ft All units have separate HVAC units and all tenants pay their own bills for heat, electricity and water and sewer
 

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