Excellent Investment Opportunity! All Brick Semi-Attached 5 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 – Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208,068, Operating Expenses: $58,800 and Net Operating Income (NOI): $149,268. Cap Rate: Over 7.0%
Investment Highlights:
Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood.
Prime Location: Proximity to transportation and retail increases desirability for renters.
Brick Construction: Durable, low maintenance.
Private Parking: A rare and valuable amenity in Brooklyn.