2877 20th, Brooklyn, New York

$1,350,000

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2

Beds

8

Baths

2,200

Square feet

About 2877 20th

Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time

Features of 2877 20th

MLS® # 482462
Price $1,350,000
Bedrooms 2
Bathrooms 8.00
Full Baths 8
Square Footage 2,200
Type Multi-Family
Sub-Type Multi-Family
Style Other
Status Active

Community Information

Address 2877 20th
Area Coney Island
City Brooklyn
County Kings (Brooklyn)
State New York
Zip Code 11224

Amenities

Amenities Storage rooms
Features Stove, Other
Is Waterfront No
Has Pool No

Interior

Interior Hardwood, Linoleum
Appliances Stove
Heating Steam/Radiator
Fireplace No
# of Stories 3
Basement Walk-in

Exterior

Exterior Brick
Roof Rubber
Construction Brick
Foundation Poured Concrete

Additional Information

Date Listed May 29th, 2024
Days on Market 43
Zoning R5

Listing Map

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