1526 Pacific Street

Description

Calling All Investors, Developers, & End-Users!!! 9.47 Cap 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 1 Block From Atlantic Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3Br. Apt.): $24,388.56 Ann. Lease Exp.: 6/30/27. Unit 2 (3 Br. Apt.): $22,850.28 Ann. Lease Exp.: 9/30/26. Unit 3 (3 Br. Apt.): $26,400 Ann. Lease Exp.: 6/30/26. Unit 4 (3 Br. Apt.): $14,034.84 Ann.; Lease Exp.: 9/30/26. Unit 5 (3 Br. Apt.): $10,368.72 Ann.; Lease Exp.: 1/31/27. Unit 6 (3 Br. Apt.): $23,395.20 Ann.; Lease Exp.: 6/30/24. Unit 7 (1 Br. Apt.): $18,261.84 Ann.; Lease Exp.: 6/30/25. Unit 8 (1 Br. Apt.): $29,595.24 Ann.; Lease Exp.: 8/31/27. Unit 9 (1 Br. Apt.): $25,800 Ann.; Lease Exp.: 12/31/23. Unit 10 (1 Br. Apt.): $21,313.56 Ann.; Lease Exp.: 2/28/26. Gross Income: $216,408.24 Ann. Expenses: Gas: $3,151.60 Ann. Electric: $1,872.01 Ann. Water + Sewer: $13,954.38 Ann. Maintenance & Repairs: $250 Ann. Insurance: $4,359 Ann. Taxes: $13,050.28 Ann. Total Expenses: $36,637.27 Ann. Net Operating Income (NOI): $179,770.97 Ann. (9.47% Cap!!!)