487 E 93rd Street Legal 4 Family + Legal Basement investment Opportunity *% cap Rate INCREDIBLE INVESTMENT OPPORTUNITY!! PLEASE READ BELOW FOR NOI REPORT Legal 4 family with legal 3 bedroom basement for additional income Exceptional Four-Family Investment Property in East Flatbush "THIS PROPERTY IS "S IS " TENANTS WONT ALLOW ACCESS Discover an incredible investment opportunity with this well-maintained four-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location. Property Features: Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants. Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential. Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation. **Recent Upgrades: New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs. New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants. Prime Location: Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options. Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for tenants. Investment Highlights: Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income. Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand. INVESTMENT OPPORTUNITY ! 8 % CAP RATE , BROWNSVILLE , FREE MARKET property in East Flatbush/BROWNSVILLE SECTION is a great investment... offering versatility, comfort, and an excellent location. It represents a prime investment opportunity with significant income potential. Don't miss out on this chance to enhance your real estate portfolio. PROPERTY DETAILS: TAXES $9457 - Multi-Family Property - Two-story walk-up - 5 Units - Lot Size: 30 * 100ft - Brand new boiler and plumbing throughout building Expenses: TAXES- $10, 887 INSURANCE-$5, 000 WATER-$3000 GAS-$3000 (HEAT & HOT WATER ) ELECTRIC-$1500 - Approximately $23, 387 CURRENT RENT ROLL: - Apt 1F: $2, 040 - Apt 1R: $2, 417 - Apt 2F: $3, 385 - Apt 2R: $2, 387 Leases expire march 2026 current up to date rent roll is $122, 748 annual ( without basement included - Basement: $2, 500 performa currently vacant - Annual gross Rent Roll: $122, 748 NET OPERATING INCOME AFTER EXPENSE $99, 361