Property Description

7.31% CAP RATE !! **5 family alert** Rare opportunity toown a 5 unit building. All units are free market.Each apartment has two bedrooms, a living room, a diningarea, kitchen and a bright bathroom. Gas and electric areseparately metered. First floor apartment is the biggest, with 4bedrooms and access to the backyard and garden. The Entireproperty has been well maintained through the years. Thisproperty has extremely low taxes of a less than $7,000 a year!Located just Two blocks from B25 and B7 buses and the A,C trainat Ralph Ave station. J,Z trains available at the Chauncey Station.Two of the apartments are occupied and Three will be deliveredvacant. This property has huge potential with a gross of $197,760and an NOI of $170,354.68 Annually. It is also possibleto put laundry in the building basement for extra income.

Property Features