Listed by Alpha Realty NY
$1,625,000
980 Rutland Road
Details
APN 04611/0008
Property Type Multifamily, Retail
Sub Type Apartment Building
Square Footage 3,780
Units 4
Cap Rate 6.90%
NOI $112,253
Tenancy Multi
Price per SqFt $430
Year Built 1930
Stories 3
Zoning R6, C1-3
Multifamily | 6.90% CAP | 4 Units
Marketing description
East flatbush
3-story building | 4 apartments & 1 commercial | 3,780 sf
Investment highlights
- 3-story mixed-use walk-up building consisting of 4 free-market apartments & 1 store
- Tenants pay for their own heating as the building is individually metered
- Building has been fully gut renovated
- Long-term commercial tenant, who has multiple stores on the block
- Conveniently located by utica avenue which provides shopping and dining options
- Within walking distance to the sutter ave-rutland rd station
Listing Contacts
Listed by Alpha Realty NY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,253.00
$9,354.42/mo
Valuation Metrics
0
DSCR
6.91%
Cap Rate
6.91%
ROI
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