4721 Church Avenue Brooklyn NY 11203 MLS #476425

Flatbush Prime Corner 3 story Building

3 stores and 8 apartments. Apartments are free market rent.

Each apartment has their own heating, hot water tanks, air conditioning and are paid by tenants.

Store #1 – Corner Bakery – $7,576. Lease Exp: 2/2030
Store #2 – Smoke Shop – $5,409 Lease Exp: 3/2030
Store #3 – Church – $2,784
All Stores have a 3% Increase per annum

Apartments: 2/1 Bedroom – 4/2 Bedrooms – 2/3 Bedrooms

Apt 1 – 1 Bedroom, 1 Bath $2,484 Sec 8
Apt 2 – 1 Bedroom, 1 Bath $2,057 Sec 8
Apt 3 – 2 Bedrooms, 1 Bath $2,762 Sec 8
Apt 4 – 2 Bedrooms, 1 Bath $2,762
Apt 5 – 2 Bedrooms, 1 Bath $2762 Sec 8
Apt 6 – 2 Bedrooms, 1 Bath $2,762 Sec 8
Apt 7 – 3 Bedrooms, 2 Baths $3,084
Apt 8 – 3 Bedrooms, 2 Baths $3,220
Apartments have their own heating, hot water tanks, air conditioning and are paid by tenants.

Taxes: $77,075. Insurance: $9,000 Electric: $1,500 Water: $6,800 Repairs: $8,000 Payroll: $8,000 Heat,, A/C, Gas Pd by Tenants

Gross Income $451,944 Net Income $355,063 Cap Rate 6.8