153 Gelston Ave #6, Brooklyn, NY 11209

Welcome to 153 & 155 Gelston Avenue. A corner piece with a 3-car garage. There are 2 buildings on the same tax lot. Each building is a 3 Family with basement. All apartments have been renovated. Each unit has its own boiler and hot water in apt, condo style. Projected Cap Rate: 5.7% 153 Gelston Ave Projected Rent Roll Apartment 1 - 2 bedroom = $2300 Apartment 2 - 3 bedroom = $2700 Apartment 3 - 3 bedroom = $2700 155 Gelston Ave Projected Rent Roll Apartment 1 - 2 bedroom = $2300 Apartment 2 - 2 bedroom = $2300 Apartment 3 - 2 bedroom = $2300 Garage: $350/mo x 3 = $1050 Monthly : $14,600 + $1050 Annually: $175,200 + 12,600 = $187,800 Taxes: 24,689.32 Water & Sewer: 3500 Insurance: $9k Fuel: N/A Electric: $1200 Repairs & Maintenance: $3,000 Management: 5,000 Total Expenses: $46,389.32 Total: $141,410.68 Cap Rate: 6%