Thursday, February 19, 2009

** WHOLE 31 Unit BLDG*STUNNING Investment**8.2 CAP!!! MUCH rent GROWTH Potential (Flatbush) $2700000 10bd 25200sqft

ID# 961863. E.28th/Flatbush (BK) 10/8 Bath $2700000. UP for SALE: MASSIVE Pre War 4 Story Building! This building is in GOOD condition, and ALL apartments are rented! Offered at a FANTASTIC DEAL that gives you an 8.2% CAP, with assumable mortgage Of 5.5%!!! ***Estimated Net Operating Income: $221,655. 31 Units, including 22 ONE BR APTS and 9 TWO BR APTS, Totaling 101 ROOMS! As you can see by the sample apartment pics, the apartments are old world layout. This means living rooms, bed rooms, EIK, hallways and closet spaces are VERY SPACIOUS. So YOUR apartments would RENT FAST! Good Flatbush location, by the 2,5 Waverly Rd. Station. Near much shopping on Flatbush and Nostrand Aves. HIGHLY ATTRACTIVE for renters! ***If you are looking for a SOLID investment – this is it. * All information based on data provided by seller. To view actual property, please contact Hillel Elkayam at 551-580-0857 OR helkayam@ardorny.com

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Outside Front View



Outside Left View



Side View Right: Showing Semi Detached part in other side



Inside Front Gate



Corridor Pre War Ornamental Details



SAMPLE APT: Pre Renov EIK approx: 7 by 11 Ft



Pre Renov. LR View 2: Approx. 11 by 12 Ft.



Just ONE of MANY spacious closets!



Pre Renov. BR: Approx. 8 by 12 Ft



Outside right View

Side View Left: Showing Semi Detached part in back

Outside Front Gate

Ground Level Corridor Part View

More Ground Level Corridor Ornamental Details

Pre Renov. LR View 1: Approx. 11 by 12 Ft.

Pre Renov. LR View 3: Approx. 11 by 12 Ft.

Pre Renov. Bathroom: Approx. 5 by 9 Ft

Pre Renov. Corridor: View to Hallway

Information contained herein has been obtained from the owner of the property or from other sources deemed reliable. However, no warranty or guarantee, either express or implied, is made with respect to its accuracy All information is subject to change without notice and/or prior leasing or sale. The information does not constitute an offer to lease or buy.
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