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2906 Fort Hamilton Pky 5 Unit Apartment Building $2,399,000 ($479,800/Unit) Brooklyn, NY 11218
Investment Highlights
- Building is located on a main thoroughfare, walking dist. to transportation, shopping and schools
- Building is a brick three story walk-up
- Building is well maintained
Executive Summary
Financial Summary (Actual - 2017) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,514
|
$23.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,514
|
$23.37
|
| Taxes |
$14,492
|
$3.21
|
| Operating Expenses |
$15,504
|
$3.43
|
| Total Expenses |
$29,996
|
$6.64
|
| Net Operating Income |
$75,518
|
$16.73
|
Financial Summary (Actual - 2017)
| Gross Rental Income | |
|---|---|
| Annual | $105,514 |
| Annual Per SF | $23.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $105,514 |
| Annual Per SF | $23.37 |
| Taxes | |
|---|---|
| Annual | $14,492 |
| Annual Per SF | $3.21 |
| Operating Expenses | |
|---|---|
| Annual | $15,504 |
| Annual Per SF | $3.43 |
| Total Expenses | |
|---|---|
| Annual | $29,996 |
| Annual Per SF | $6.64 |
| Net Operating Income | |
|---|---|
| Annual | $75,518 |
| Annual Per SF | $16.73 |
Property Facts
Amenities
Unit Amenities
- Tub/Shower
About 2906 FORT HAMILTON PKY , BROOKLYN, NY 11218
The property, a brick three story walk-up, has five units consisting of (1) 3 bedroom, (2) 2 bedrooms, (2) 1 bedroom units with a full basement being rented for storage. There is a shared driveway giving access to approx. two parking spots located in the rear. The building is located on a main thoroughfare, walking distance to transportation, shopping, schools, libraries and worship. The current tenant occupies the entire building for over 30 years and is responsible for all expenses related to the building, excluding structural repairs etc. The current lease is month to month and the Tenant is willing to renew the leases on an annual basis or a 5-year term in the future. The investment is excellent for a current rate of return or a prime candidate for a condo conversion. The building is a not a multiple dwelling, protected by the RSA (Rent Stabilization Association) guidelines, therefore allows the Landlord the ability to increase rents. Since building is fully occupied, pre-approval / proof of funds is required along with a bona fide offer “subject to viewing” for all showings.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 05317-0008 | Total Assessment | $626,850 (2025) |
| Land Assessment | $131,400 (2025) | Annual Taxes | $14,492 ($3.21/SF) |
| Improvements Assessment | $495,450 (2025) | Tax Year | 2017 |
Property Taxes
Presented by
2906 Fort Hamilton Pky
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