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96 Cypress Ct 4 Unit Apartment Building $1,999,999 ($500,000/Unit) 6% Cap Rate Brooklyn, NY 11208
INVESTMENT HIGHLIGHTS
- Corner location
- mint condition
- light bright and airy
EXECUTIVE SUMMARY
Property is a detached brick 4 family house with basement , Basement has a separate entrance. 7 ft ceilings Building 20x80 lot 20x100 with 2 parking spots
3 two bedrooms 1 one bedroom. Building was renovated in 2021. Wood Floors Eat in kitchens. Gas heat and hot water new roof. The building is in excellent condition. The building is on the highest elevation with spectacular views of the city.
No leases all month to month. 4 apartments will be delivered vacant . Close to shopping and transportation.
3 two bedrooms 1 one bedroom. Building was renovated in 2021. Wood Floors Eat in kitchens. Gas heat and hot water new roof. The building is in excellent condition. The building is on the highest elevation with spectacular views of the city.
No leases all month to month. 4 apartments will be delivered vacant . Close to shopping and transportation.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,999,999 | Property Subtype | Apartment |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6% | Building Size | 4,000 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1931/2021 |
| Zoning | R4 - districts allow all types of housing at a slightly higher density than permitted in R3-2 districts | ||
| Price | $1,999,999 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1931/2021 |
| Zoning | R4 - districts allow all types of housing at a slightly higher density than permitted in R3-2 districts |
AMENITIES
UNIT AMENITIES
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,500 | 700 |
| 2+1 | 9 | $2,350 | 800 - 900 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (85)
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96 Cypress Ct
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