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1023 Lafayette Avenue

1023 Lafayette Avenue, Brooklyn, NY 11221

N/A

25 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
25
Building Size:
22,500 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
7%
Occupancy:
99%
No. Stories:
5
Year Built:
1992
Lot Size:
10,000 SF
Listing ID
17470821
Last Updated
over 1 year ago

Description

Mixed used investment property... Block/Lot : 10607/45 ,
Lot size 100 x 100 , 10,000 sf ,
Building size : 50 x 90 , 22,500 sf ,
Five story walk up with 22 apartments and three commercial units totaling .
99 % occupied .
The building was built in 1992 , it has a J51 taxabatement until 2028 .
Total Income : $302,053 .
Total Expense: $ 75,935 .
NOI: $ 226,119 .
CAP rate; 7%

Tompkins Park North Brooklyn
Corner of Malcom X Blvd

Map of 1023 Lafayette Avenue, Brooklyn, NY 11221 (Kings County)

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Created 1/4/2012