$3,180,000
66 Patchen Avenue
Details
APN 01627-0050
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 8
Cap Rate 7.00%
NOI $222,340
Year Built 1931
Acreage 0.069
Zoning R6A
Multifamily | 7.00% CAP | 8 Units
Marketing description
Investor Delight! This updated 4 Story Brick 8 Unit Multi-family is between Bushwick & Bedford Stuyvesant near J & Z subway station. It contains 22 bedrooms and 13 bathrooms, all occupied with 5 free-market rent and 3 Rent Stabilized units, 5 of the free-market was Fully Gut Renovated & New Roof around 2018, also the common area was updated, new intercom system, new kitchen, dishwasher & new separate AC/Heat systems . This Is High Income Building, around 7% Cap Rate return, Yearly Income $265,640, Expenses $42,800 , and NOI $222,340. Building Size:30X73.33
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$222,340.00
$18,528.33/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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