239 Kingston Ave, Brooklyn, NY 11213
3 Unit Apartment Building | $1,650,000 ($550,000/Unit) | 7.75% Cap Rate | Brooklyn, NY 11213
For Sale
Active
Asking Price $1,650,000
- Property Type
-
Multifamily, Restaurant
- Square Feet
- 3,075 SF
Listing Contacts
- Property Info
Property Overview
Great Investment or End User opportunity.
Vacant, Free market mixed use property
Legal 2 family + retail store.
(next door building 241 Kingston Ave also for sale) can sell as a package or individually
239 Kingston:
2 apts +store
Lot 19.33 x 75
building 19.33 x 53
Res SF 2048
Retail SF 1024
Zoning R6
Pro Forma rents:
Apt 1 - 3bd $4,000.00
Apt 2 - 3bd $4,000.00
Store $4,500.00
Monthly RR $12,500.00
Annual RR $150,000.00
Expenses
super $1,800.00
water $3,000.00
electric $750.00
insurance $3,500.00
repairs r $1,000.00
heat $0.00
vacancy $4,500.00
taxes $7,530.72
Total expenses $22,080.72
net income $127,919.28
Purchase Price $1,650,000.00
Reno $250,000.00
All in Costs $1,900,000.00
Yield on Cost 6.73%
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies
Vacant, Free market mixed use property
Legal 2 family + retail store.
(next door building 241 Kingston Ave also for sale) can sell as a package or individually
239 Kingston:
2 apts +store
Lot 19.33 x 75
building 19.33 x 53
Res SF 2048
Retail SF 1024
Zoning R6
Pro Forma rents:
Apt 1 - 3bd $4,000.00
Apt 2 - 3bd $4,000.00
Store $4,500.00
Monthly RR $12,500.00
Annual RR $150,000.00
Expenses
super $1,800.00
water $3,000.00
electric $750.00
insurance $3,500.00
repairs r $1,000.00
heat $0.00
vacancy $4,500.00
taxes $7,530.72
Total expenses $22,080.72
net income $127,919.28
Purchase Price $1,650,000.00
Reno $250,000.00
All in Costs $1,900,000.00
Yield on Cost 6.73%
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies
Property Details
- Class
- C
- Year Built
- 1931
- Stories
- 3
- Lot Size (sq. ft)
- 1,742 SF
- Units
- 3
Highlights
- Vacant
- free market
- Prime Location
Nearby Properties
Similar Properties
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