This property is Off-Market

1023 Lafayette Avenue
Brooklyn, NY 11221 ·

25 Units · Multifamily For Sale

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Multifamily Property For Sale

Price N/A Commission Split 4%
No. Units 25 Cap Rate 7%
Building Size 22,500 SF Occupancy 99%
Property Type Multifamily No. Stories 5
Property Sub-type Garden/Low-Rise Year Built 1992
Property Use Type Investment Lot Size 10,000 SF
Listing ID: 17470821 Date Created: 01/04/2012 Last Updated: 01/04/2012

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

Research

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

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