196 Lawrence Avenue, Brooklyn, New York 11230

$1,250,000
12
BD
5,006
SqFt
List Price
$1,250,000
Price Change
▼ $50,000 1687290150
Status
PENDING
MLS#
472559
Bedrooms
12
Full-baths
6
Sq. Ft
5,006
Year Built
1931

Property Description

Attention Investors! This is a 6 Family made up of all 4 Room, 2 Bedroom and 1 Bathroom Apartments. This is a Rent Stabilized Building. There are no Rent Controlled units. The Gross Operating Income Annually is currently $128,544. Annual Expenses are $30,982. The Net Operating Income Annually is currently $97,562. Cap Rate at asking price is 7.5% return on investment. This is an "As Is" Sale. Can be partially delivered vacant if under contract before 7/1/2023.

Additional Information

Style
Triplex
Lot Size
2,354
Stories
3
Parking Description
None
Heat Source
Gas
Year Built
1931
Zoning
R7A
Sale Type
Arm's Length
Bank Financing
1031 Exchange, Bank Mortgage, Cash
Building Type
Semi-Detached
Year Built
1931
Basement
Unfinished
Lot Dimensions
100 x 24
Building Dimensions
71.00 x 23.00
Estimated Yearly Tax Amount
$13,457

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Empire.