551 82nd St Brooklyn, NY 11209

This property is 25ft wide x 73 ft deep with 6 two-bedroom 1 Bathroom (4 out of 6 units are renovated with new bath and/or new kitchen). Seller maintained the building throughout the years so low maintenance for new buyers. Seller also paid to CONVERT TO GAS HEAT (signed off). Seller spends a lot of money to put in NEW ROOF, NEW BOILER, NEW ELECTRIC, NEW SIDEWALK, so it gives buyers peace of mind. The seller has been keeping up with legal rent roll throughout the years so there's more profit margin for new buyers. This is a GREAT investment property that yields you a 6% CAP RATE at the current rent and layout. There is future potential for 2 duplexes on first and ground level. There is also a laundry hook-up for future coin-operated washers and dryers. Gross Annual Rent Roll: $128,357; Expenses: $34,643; NOI: $93,714; CAP RATE: 6%. Close to transportation (R train, B16, B70, and BQE 278), 5th Ave and 3rd Ave Restaurants, 86th Street Bay Ridge Shopping with Major Brands (86bid.org), proximity to Dyker Beach Dog Park for small and big dogs.