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8 family building with a 15 year tax abatement
New York City Condos: Williamsburg, Studio Condo for Sale
| ID# 27026 |
| Area: Williamsburg |
| Type: Condo |
| Bedrooms:
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| Bathrooms:
10
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Price:
$3,500,000
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| Percent Deductible: 0% |
Mortgage Calculator
Cost Analysis |
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| Subway |
| New Construction |
| Laundry |
| Walls OK |
| Fireplace |
| Private Deck |
| Balcony |
| Terrace |
| Outdoor Space |
| Garden |
| Patio |
| Dining Room |
| Multi Level |
| Duplex |
| Loft |
| Dishwasher |
| Washer |
| Hardwood |
| High Ceilings |
| Renovated |
| Marble Bath |
| Granite Kitchen |
| Light |
| Walk In Closet |
| Pets Policy: Pets OK |
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| Incredible opportunity to own 8 free market rent apts ... This is an amazing turn key investment ... Building Qualifies for J51 Tax abatement |
| Washer/Dryer hookups ... Balconies on all units, some have large private terraces |
There are 8 units including:
* Two 1-Bedroom / 1 Bath
* Two 1-Bedroom / 1 Bath - Loft style homes with 17 foot ceilings
* Two Townhome Duplexes / 2 Baths - private indoor saunas, large patios & gardens
* Two Duplex 2-Bedroom / 1 Baths - Loft style penthouses with amazing private outdoor spaces and spectacular views
Projected Rental Income - $235,000
* Gross Expense Schedule - $33,350
**:: Taxes - $3160 (Tax Abated)
**:: Insurance - $3,381
**:: Heating - $8,546
**:: Electricity - $1068
**:: Water & Sewer - $2,890
**:: Repairs, Maint. & Supplies - $2620
**:: Management & Legal - $2800
**:: Salaries & Wages - $8444
Projected Net Opertating Income - ~$200,000 |
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All information presented on this site regarding real property, for sale, purchase, rental and/or financing is from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rentals or other conditions, prior sale, lease or financing or withdrawal without notice. Note: All dimensions and square footage are approximate for the most exact dimensions and square footage please hire your own architect or engineer.