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217 Cumberland St
Brooklyn, NY 11205
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 3,773 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1930 |
| Zoning | R6B - a contextual zoning district that is a sub-division of R6 zoning | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,773 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1930 |
| Zoning | R6B - a contextual zoning district that is a sub-division of R6 zoning |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Tub/Shower
- Yard
- Double Pane Windows
SITE AMENITIES
- Courtyard
ABOUT 217 CUMBERLAND ST , BROOKLYN, NY 11205
Newly Renovated Luxury Brownstone 6 Family Investment Property for Sale- 5 Story Multifamily Building 5 Floors in Total. Great Rental Income Property. Garden Floor - 2be/1ba; living room with yard is currently being rented for $3800 per month lease ends 1/2021, 1st Floor/Parlor - 2be/1ba kitchen,living room apartment is currently being rented for $3400 per month lease ends 5/2021, 2nd Floor - 2be/1ba kitchen,living room apartment is currently being rented for $3450 per month lease ends 12/2020, 3rd Floor - 2be/1ba kitchen,living room apartment is currently being rented for $1703 per month lease ends 12/2020, 4th Floor Front - 1be/1ba kitchen,living room apartment is currently being rented for $2200 per month lease ends 12/2020, 4th Floor Rear - 1be/1ba kitchen,living room apartment is currently being rented for $1838 per month lease ends 12/2020. New Plumbing, electrical lines including 7 meters, sewer/gas lines, Tenants pay utilities and have very low expenses. Must see located in the heart of Fort Greene, just steps across from Fort Green Park. The location has some of the most foot traffic in the neighborhood and conveniently just one block from the C & G trains and a very short walk to Atlantic Terminal- Barclays Center (B,D,N,R,Q,2,3,4,5, LIRR). This space has lots of potential and includes storage space in the basement. 5.13% Cap Rate, Gross Rental Income for 2020 - $196,692, Total Building Expenses are $24,789.26--taxes are 11,989.26, gas/electric is $5600 yearly,insurance is $5000, and water is $2200 per year. Net Operating Income is $171,903. To schedule a showing or for more info please call or email me!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,752 | - |
| 1+1 | 2 | $2,019 | - |
PROPERTY TAXES
| Parcel Number | 02102-0027 | Improvements Assessment | $1,188,000 |
| Land Assessment | $8,100 | Total Assessment | $1,196,100 |
PROPERTY TAXES
