Description
6 family building with operating bar on first floor. Bar is 1200 square feet.No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 7.6% Rent Increases in Rent Stabilized Homes: 1-year lease. 2.75%. 2-year lease 5.25%
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
6 family building with operating bar on first floor. Bar is 1200 square feet.No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. NOI $136,458. Cap Rate 7.6% Rent Increases in Rent Stabilized Homes: 1-year lease. 2.75%. 2-year lease 5.25%
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