
Courtesy of: Long Tommy Ngo, Re/Max Real Estate Professiona, longtommyngo@yahoo.com
$1,800,000
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11 bed
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6.00 Bath (6 Full)
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Lot: 0.07 Acres
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Single Family Attached
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$1,800,000
1586 East 22nd Street 6 Excellent Investment Opportunity! All Brick Semi-Attached 6 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 - Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208, 068, Operating Expenses: $58, 800 and Net Operating Income (NOI): $149, 268. Cap Rate: Over 7.0% Investment Highlights: Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood. Prime Location: Proximity to transportation and retail increases desirability for renters. Brick Construction: Durable, low maintenance. Private Parking: A rare and valuable amenity in Brooklyn.
Courtesy of: Long Tommy Ngo, Re/Max Real Estate Professiona, longtommyngo@yahoo.com
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