236 Malcolm X Blvd APT 1, Brooklyn, NY 11221

6.8% Cap Rate Located in Stuyvesant Heights, with close walking distance to subways and bus, this building represents one of the last untouched investment opportunities in this transformed area. With 4 residential units and a large commercial space that includes the basement and outdoor yard suitable for a restaurant, this building offers the perfect combination for investors or owner operators. Building will be delivered vacant, units were renovated 8 years ago but will need repairs to achieve market rental rates. Income & Expenses Income Annual Rental Income $160,800 Less: 3% Vacancy Loss -$4,824 Gross Operating Income $155,976 Expenses Real Estate Taxes $5,087 Insurance $4,000 Common Area Electric $1,950 Fuel (Gas / Oil) $3,200 Water / Sewer $4,850 Repair & Maintenance $3,500 Super Payroll $6,000 Management Fee (5%) $7,799 Total Expenses $28,587 Net Operating Income $127,389 Call for full details "All calculations are based on estimates and are not guaranteed"