INVESTMENT PROPERTY IN PRIME GRAVESEND LOCATION, LARGE 4 FAMILY HOUSE (Gravesend) $1099999 3200ft2

We are pleased to introduce this remarkable investment property 4 family solid brick building. It consists of 3 one bedroom apartments and a large studio + with full finished basement. The property is in excellent condition and 100 percent occupied. The GAI $64,197;Total Annual Expenses $16,734;NOI $47,465; CAP Rate 4 percent. The basement brings in substantial additional income not included in CAP calculation (call for details). The property is conveniently located in Gravesend area of Brooklyn, at West side of W 8th St between Ave S and Highlawn Avenue, next to all the shopping, transportation and schools. It is a perfect opportunity for the owner/user of savvy investor!!


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