Listed by Coldwell Banker Advantage
$2,000,000
2860-2864 W 16 Street
Details
APN 07021-0034
Property Type Business for Sale, Multifamily
Sub Type Business Only, Apartment Building
Square Footage 7,096
NOI $30,500
Year Built 1920
Buildings 1
Acreage 0.110
Zoning R6
Business for Sale | 7,096 SqFt
Marketing description
Welcome to 2860 - 2864 W16st in Coney Island. This (3) + (4) Family total (7) apartments. (6) 2BR and (1) 1BR in decent condition. Being sold AS IS with all tenants (1) apartment is currently vacant, NO tenant has a lease at the moment, rents are currently under market value. Zoned R6 great for any developer looking to build up. 'Consult with your architect'
Listing Contacts
Listed by Coldwell Banker Advantage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,500.00
$2,541.67/mo
Valuation Metrics
0
DSCR
1.53%
Cap Rate
1.53%
ROI
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