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2069 E 12th St
Brooklyn, NY 11229
Multifamily Property For Sale
·
19 Units
EXECUTIVE SUMMARY
Mint condition 19 unit apartment building on East 12th Street between Ave T and Ave U in prime Homecrest area. The Property has 60 feet of frontage on E 12th Street and is built 60 feet by 78 feet on a 60 foot by 105 foot R5/C1-3 lot. The Property has 4 floors and comprised of ten one-bedroom and nine two bedroom apartments with Gross Operating Income of $349,834 (plus $24000) and Net Operating Income of $233,980 annually. The Property offers an investor an exceptional opportunity to own a building in the one of most convinient and growing neighborhoods in South Brooklyn. In general, this section of Homecrest is in constantly high demand by apartment tenants this has resulted in a low supply of available rental apartments and reliable value preservation
PROPERTY FACTS
| Price Per Unit | $181,053 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.80% | Lot Size | 0.15 AC |
| No. Units | 19 | Building Size | 14,228 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1927 |
| Zoning | R5 - a residential zoning district that allows a variety of housing types, including single-family homes, multifamily buildings, and townhouses | ||
| Price Per Unit | $181,053 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 14,228 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Zoning | R5 - a residential zoning district that allows a variety of housing types, including single-family homes, multifamily buildings, and townhouses |
AMENITIES
UNIT AMENITIES
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | - |
PROPERTY TAXES
| Parcel Number | 07316-0050 | Improvements Assessment | $495,000 |
| Land Assessment | $64,800 | Total Assessment | $559,800 |
PROPERTY TAXES
Parcel Number
07316-0050
Land Assessment
$64,800
Improvements Assessment
$495,000
Total Assessment
$559,800
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