363 6th Ave 3 Unit Apartment Building $4,500,000 ($1,500,000/Unit) 5.28% Cap Rate Brooklyn, NY 11215

Investor’s dream! This four story brownstone building with three, two bedroom rental units and office space on the ground floor. The Units are all month to month at below market rent with lots of room for increases. The kitchens have modern appliances. Original detail and exposed brick throughout the building with gorgeous original mantels and well maintained hardwood floors. 27.6 X 18.10 Garage with room for 3 cars. Each parking spot is currently being rented for $475 per month.
Current rent roll: Pro Forma:
Office $4,100 Office $7,000
#2 $2,450 #2 $5,000
#3 $3,000 #3 $5,000
#4 $2,350 #4 $5,000
Garage $1,425 #Garage $1,500
Annual Gross rent: $159,900 Pro Forma Gross Rent: 282,000
Heat: $14,100
Electric: $583.18
Water: $2807.97
This building sits on a prime tree lined Park Slope street with all the accompanying charms. Quick access to Prospect Park, the Brooklyn Public Library, and the Botanic Gardens. The building is also just up the street from Park Slope’s fifth avenue which is speckled with trendy restaurants and bars, boutique shopping experiences, and the coziest of coffee shops. Close proximity to F, G and R trains.