Historical Multifamily Sale Listing - Bay Ridge Investment Opportunity

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Bay Ridge Investment Opportunity

575 80th Street, Brooklyn, NY 11209

N/A

9 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
9
Building Size:
7,740 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
5.80%
Lot Size:
2,975 SF
APN / Parcel ID:
5987-47
Listing ID
17739154
Last Updated
71 days ago

Description

Primary Address: 575 80 St
Zip: 11209
Borough: Brooklyn
Block & lot: 05981-0047
Alt address: 7926 6 Ave

Property Tax Assessment:
Actual land: $5,019
Assessment: $133,848
Tax class: 2B
Annual tax bill: $17,979
Annual tax bill projected: $18,528

Zoning, Use & Class:
Zoning district: R4-1/BR
Building class: (C1)
Historic district: None
Landmark: None

Building SF: 7,740
Residential SF: 7,740
Lot SF: 2,975
Max allowed FAR: 0.9
FAR as built: 2.6
Maximum usable floor area: 2,678
Usable floor area: 7,735
SF over FAR: 5,057
Building dimensions: 25 ft x 104.67 ft
Stories: 3
Residential units: 9
Has extension: No
Has garage: No
Year built: 1931
Lot dimensions: 26.75 ft x 123.67 ft
Corner lot: Yes, NW

Zoning map : 22b
Tax map: 31805
Sanborn map: 311 042
Toxic site on this property: No
Neighboring toxic sites: No

RENTAL INCOME:

Actual
Residential Rent 137,223

TOTAL INCOME: 137,223

OPERATING EXPENSES:

Building Insurance 2,200
Electric 960
Heating Oil 8,000
Water & Sewer 8,350
Real Estate Tax 17,979
R&M 1,500

TOTAL EXPENSES: 38,989

NET CASH FLOW: 98,234

Map of 575 80th Street, Brooklyn, NY 11209 (Kings County)

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Created 7/7/2012