Description
Situated on a quiet a block 247 Senator Avenue is a 6 Family Building For Sale in the neighborhood area of Bay Ridge. 5 of the 6 units are currently being occupied at the moment with a leases registered with the city. 1 unit is in the process of being flipped to becoming Rent Stabilized as the former tenant that resided in the Rent Controlled unit is no longer occupying it. The bones of the building are in great shape. Heating system is modern and fully functional with no issues. The roof has recently been repaired a few years ago with no foreseen issues any time soon. The condition of the units are in good condition except for 1 that hasn't been renovated for years. The building is located next to parks, well performing schools, the R Train and multiple MTA Bus services. The Financials of the building are as follows: Current GCI: $86,904, Current Total Annual Expenses: $27,668 and Current NOI: $59236. This would be a great addition to any investors' real estate investment portfolio. Come capitalize on this opportunity before it's gone.
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10BEDS
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0.05ACRES
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6BATHS
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01/2 BATHS
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4,500SQFT
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$278$/SQFT
School Ratings & Info
Description
Situated on a quiet a block 247 Senator Avenue is a 6 Family Building For Sale in the neighborhood area of Bay Ridge. 5 of the 6 units are currently being occupied at the moment with a leases registered with the city. 1 unit is in the process of being flipped to becoming Rent Stabilized as the former tenant that resided in the Rent Controlled unit is no longer occupying it. The bones of the building are in great shape. Heating system is modern and fully functional with no issues. The roof has recently been repaired a few years ago with no foreseen issues any time soon. The condition of the units are in good condition except for 1 that hasn't been renovated for years. The building is located next to parks, well performing schools, the R Train and multiple MTA Bus services. The Financials of the building are as follows: Current GCI: $86,904, Current Total Annual Expenses: $27,668 and Current NOI: $59236. This would be a great addition to any investors' real estate investment portfolio. Come capitalize on this opportunity before it's gone.
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