8 family building with a 15 year tax abatement - Over $200,000 NOI (Williamsburg) $3800000

8 family building with a 15 year tax abatement

Description

Incredible opportunity to own 8 free market rent apts ... This is an amazing turn key investment ... building Qualifies for J51 Tax abatement

Washer/Dryer hookups ... Balconies on all units, some have large private terraces with hottubs

There are 8 units including:

* Two 1-Bedroom / 1 Bath

* Two 1-Bedroom / 1 Bath - Loft Style homes with 17 foot ceilings

* Two Townhome duplexes / 2 baths - Private indoor Saunas, large patios & gardens

* Two Duplex 2-Bedroom / 1 Baths - Loft style penthouses with amazing private outdoor spaces and spectacular views

Projected Rental Income - $235,000

* Gross Expense Schedule - $33,350

**:: Taxes - $3160 (Tax Abated)

**:: Insurance - $3,381

**:: Heating - $8,546

**:: Electricity - $1068

**:: Water & Sewer - $2,890

**:: Repairs, Maint. & Supplies - $2620

**:: Management & Legal - $2800

**:: Salaries & Wages - $8444

Projected Net Opertating Income - ~$200,000

Essentials

» Listing ID #: 27026

» Price: $3,800,000

» Property Type: Building

» Area: Williamsburg

» Pets: Pets OK

Amenities

» Subway » New Construction » Walls OK » Fireplace » Balcony » Terrace » Outdoor Space » Garden » Patio » Roof Deck » Dining Room » Multi Level » Duplex » Loft » Dishwasher » Washer » Hardwood » High Ceilings » Renovated » Marble Bath » Granite Kitchen » Light » Walk In Closet

Contact Info David Kazemi

Phone: 212-206-1720 X236

Mobile: 646-756-9561

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New York City Apartments

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Williamsburg apartment (27026)

Posted by RealtyMX™