166 Atkins Avenue
Multifamily | 3 Units | $416,667/unit
Marketing description
A 20’ wide three-unit three story building. The ground floor is a two bedroom floor-through garden apartment. The unit has a big room to the front, the middle is the full kitchen with living/dining area. The other bedroom is to the back, the side has the full bathroom. The apartment has access to the back yard, also the gas boiler and water heater room. The three gas meters and two electric meters are on this floor. The unit has 9’ ceilings and gets great sunlight.
The second floor is a three-bedroom apartment, one bedroom is located to the front and the back has the other two bedrooms. The middle of the unit is the full kitchen with living/dining area. The full bathroom is located to the side. The apartment has access to the backyard via the back staircase. The unit has 12’ceilings gets great sunlight and is in good condition.
The third floor is a four-bedroom apartment, two bedroom are located to the front and the other two are located to the back. The middle of the unit is the full kitchen with living/dining area. The full bathroom is located to the side. The unit has 12’ceilings gets great sunlight and is in good condition. The living/dining area has two big skylights.
The apartments are in good condition with nice wood floors, the bedrooms are big and spacious and can fit a queen size bed. The common areas are well kept, beautiful staircase great layout.
Investment highlights
The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper two floors.
The property is a prime investment opportunity, the investor can rent each unit to a separate family, also give each apartments it’s own boiler and water heater.
The property is located on a street that has great residential exposure. The block has mostly two and three family homes. The A & C trains is located one block away on Shepherd & Pitkins Avenue. Note: The building is rented as rooms through the City Fheps program.
BREAK DOWN OF ROOM RENTS
Income:
Unit Description Unit Type Rev
First Floor: 1 1 Bed Room Free Market $2,300
(2 Bedroom Apt) 1 Bed Room Free Market $800
Second Floor: 2 1 Bed Room Free Market $1,100 Vacant
(3 Bedroom Apt) 1 Bed Room Free Market $800
1 Bed Room Free Market $800
Third Floor: 3 1 Bed Room Free Market $800
(4 Bedroom Apt) 1 Bed Room Free Market $800
1 Bed Room Free Market $800
1 Bed Room Free Market $800
Monthly Income: $9,000
Annual Income: $108,000
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