3-story, walk-up, Multifamily Building in Crown Heights/Bushwick Area consisting of 6 residential units. It contains 5,627sq ft of gross building area. Contains 6 market rate residential units @ $2,500 each per month, 2 units on every floor with 3 Bedrooms each. Based on the maximum effective residential FAR of 2.43 and a lot area of 3,025 square feet, 7,351 square feet of buildable area is permitted on site. Residential Units 6, Zoning R6, Site Area 3,025 sq. ft., GBA 5,627 sq. ft. Year Built 1910. Financial Effective Gross Income $172,800 Stabilized Residential Occupancy 96.00% Expense Ratio 22% Net Operating Income $135,104 Capitalization Rate 5.25%.
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