1721 Voorhies Ave, Brooklyn, NY 11235

Selling whole residential buildings or partially by apartments depending on the offer. The building was bought in January of 2019. Apartments have been dismantled to the ground and redone (renovated). The foundation of the building was also completely redone. The entire basement was converted into additional living space. Basement height is 7 feet. The total building sqft is 5,400 and the renovated half-basement of 1,800 sqft which is divided up by two separate two-bedroom apartments; in total 7,200 sqft. In total 8 two bedroom apartments. All of it is rented out. In addition, there are 2 private parking spaces. Total Rent Income $198,000 Property Taxes $19,200 Water $5,800 Gas $4,000 Insurance $5,700 Flood Insurance $2,100 Electricity $1,700 Total Expense $38,500 Net Profit $159,500 Current Cap Rate 5.75% Projected Cap Rate 6.00% Contact Cell: (929) 313-6135 (only serious offers considered) Sale by Owner