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$950,000
92 Newport Street
Brooklyn, NY 11212
15 Beds
Single Family Home


Status:Active
Investor's special! 92 newport was built in 1930 and still maintains a solid infrastructure. It underwent total renovation in 2016 including all appliances, common areas, boilers, electric, and roof. The building has a fairly large backyard with entry through the basement as well as a courtyard patio with second basement entry. The huge and clean basement can be used for anything. It homes 2 brand new boilers and the electric meters. <br><br>there are 4 tenants with a rent roll of $6950 monthly with leases until next spring. Each tenant has their own meter in basement for electric. Taxes are $6k annual (just raised from $5k,) which it has been for years. Insurance is $3500 a year and an optional $1m umbrella policy can be added for $1500. National grid fluctuates from $100 a month to $400 a month depending on season. Water and sewer is $3000 annually and con ed for common area is about $40 a month. <br><br>capitialization rate - 14%<br><br>the area is up and coming with new stores and restaurants. It's also 5 blocks from the 3 train and close to the b8, b15 and b35 buses. The tenants cannot be disturbed, no showings, drive by only. This is a fantastic investment with great returns for a brooklyn visionary. Pictures are from one of the four units. Call or email for more details!
Basics
Property Type:   Single Family Home
Bedrooms:   15
Neighborhood:   Brownsville
MLS#:   RLMX-00504003716266
     
Home Features
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Listing Agent: Joshua Rich    Listing Broker: Spire Group Inc.    Agent Phone: 6463498574    Broker Phone: 2125001900   

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