583 Lorimer St APT 4, Brooklyn, NY 11211

INVESTMENT OPPORTUNITY! BRING OFFERS! Solid rent roll in place, with potential for future lease renewals to be adjusted to current rental market value. Location is perfect, directly across the street from subway entrance and five minutes to union square ensures future longevity in rental tenants. Future build out potential 7000SF total and 80ft height max. Low yearly running costs. Net Operation Income: $104,247.00 per year (Gross is $119,400.00 and gross expenses $15,153.02) This Four unit multi-family building located directly across the street from the Lorimer Street L train station provides easy access to Manhattan. Along with cafe's, bagel shops, retail stores, bicycle shops and restaurants, this area is very desirable for tenants to live. The building underwent several renovations including Facade, complete new insulation around entire building; Roof, New rubber roll on roof; All new Windows, new double pane insulated; Security System, 6 cameras around the exterior,entrance and basement; Electric, new electric run through entire building and new meters; Boilers, each unit has their own boiler for heat which greatly reduces annual running costs. Back yard, New Plant/gardening area and new cement and drainage. The building contains 4 rental units of which three are converted 3 bedroom and one is a 2 bedroom. Laundry in building. FULL CELLAR, and wonderful huge BACK YARD (25ft x 50ft). The building has been very well maintained and the ground floor is zoned for small commercial space. Demand for rental apartments in williamsburg is high. You can live in the entire building, or in one of the apartments and keep the other 3 rented. The choice is yours. FOR FURTHER INFORMATION OR INSPECTION PLEASE CONTACT THE EXCLUSIVE AGENT: Paul Hunt 646-641-3252